There is much misinformed comment that two of the Federal Budget’s core superannuation proposals will significantly hamper the ability to save in superannuation. It has been stated that fund members who can afford to make large contributions will not be able to reach the new pension cap of $1.6 million. However, modelling by actuarial firm Rice Warner gives a different impression.
[Read more…] about Super Ambitions: How can we get to $1.6 million plus?