Swift action secures a tax-free bonus

摘要

The Federal Government's recent changes to superannuation legislation mean investors can make undeducted contributions up to 1 million dollar, provided they act before July 1, 2007. After this date, a cap of 150,000 dollar a year will apply. Farmers who take advantage of this window of opportunity could reduce their need to sell part of the farm or to carry debt to ensure a successful handover of the farm and funds for retirement.