Along with raising of preservation age, limits on lump sum withdrawals and mandatory pension/annuity payments from our Superannuation being forced on us in the comi9ng years (Within 5 years at a guess) I also now think the $1.6M Cap will be lowered to repair the budget due to Covid19
I won't be surprised to see it lowered to $1.25M or even $1M
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- Good opportunity to withdraw cash from super
Along with raising of preservation age, limits on lump sum...
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