Feds finalise new super rules

From July 2007, an annual $150,000 limit on post-tax contributions will apply to superannuation, but people under 65 will be able to bring forward contribution rights for two future years, putting in $450,000 in one year. This is on top of $50,000 a year in pre-tax contributions from salary, taxed at 15 per cent. People over 50 can lift this to $100,000 as a transitional measure for five years. Both contribution limits will be indexed, rising in $5,000 jumps. Each partner in a marriage can put the maximum contribution into super.

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