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It says " Currently, less than one per cent of superannuation...

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ypooj

933 Posts.

04/05/16

09:55

Post #: 17671059
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Originally posted by hlingh ↑

introducing a $500,000 lifetime cap for non-concessional contributions. The lifetime cap will limit the extent to which the superannuation system can be used for tax minimisation and estate planning. Currently, less than one per cent of superannuation fund members have made contributions above this cap since 2007

Got it off the page. So does it imply the ncc cap starts from 2007?
http://budget.gov.au/2016-17/content/glossies/tax_super/html/

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It says " Currently, less than one per cent of superannuation fund members have made contributions above this cap since 2007." I don't take this phrase to mean it starts from 2007.
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