Business Services Industry

[984] Superannuation rates and thresholds.

Australasian Business Intelligence, June, 2007

Byline: Stuart Jones

Jun 12, 2007 (Weekly Tax Bulletin - ABIX via COMTEX) -- The Australian Taxation Office (ATO) has released "Key superannuation rates and thresholds". The document, which can be found on the ATO's web site, provides guidance on the main superannuation rates and thresholds that will apply as from 1 July 2007 under the Australian Government's new Simplified Superannuation rules. It covers the following areas of superannuation: concessional contribution caps, non-concessional contribution caps, the superannuation lump sum low rate, employment termination payments, superannuation co-contribution, superannuation guarantee - maximum contribution base, and redundancy payments or early retirement scheme payments.

Publication Date: 1 June...

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