Super Changes

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Government provides clarity on proposed cap on high super balances

Written by Fabian Bussoletti, Technical Manager, SMSF Association Following the Government’s release of the 2022-23 Tax Expenditures and Insights Statement, a media release issued by ministers Jim Chalmers and Stephen Jones on Tuesday heralded the pending arrival of the highly anticipated cap on high superannuation balances. While there are only limited details from which we…