Thank Peter Costello in 2006.In a bid to cut tax from lump sum...

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    Thank Peter Costello in 2006.

    In a bid to cut tax from lump sum payments or pensions drawn from superannuation, the government proposes to bring in changes next July.

    Under transitional rules announced today, people will be able to put up to $1 million into their superannuation before the end of this financial year.


    http://www.theage.com.au/news/business/costello-unveils-super-tax-change/2006/09/05/1157222117634.html

    If you couldn't turn that $1 million into $5 million in 8 years then your doing something wrong.
 
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