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Australia scraps A$500k lifetime superannuation cap

September 14, 2016

Australia scraps A$500k lifetime superannuation cap

Leave a Comment / Media / By Brett Evans

Australia scraps A$500k lifetime superannuation cap Australia scraps A$500k lifetime superannuation cap – The Australian government has scrapped plans to introduce a controversial A$500,000 (£286,598, $383,675, €341,174) lifetime superannuation cap curbing the amount people can save into their pensions. Treasurer Scott Morrison confirmed the U-turn on the proposed limit, which would have applied to after …

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