Details

Service: Tax, Superannuation & Pension Funds, Special Interests, Tax Reform, Topics, Federal Budget
Industry: Financial Services, Superannuation
Type: Business and industry issue
Date: 9/05/2012

Federal Budget 2012 and the superannuation sector

Our 2012 Federal Budget Brief provides a review of the major implications arising from the Federal Budget 2012-13 in the superannuation sector.

Federal Budget 2012 and the cuperannuation sector - Cover

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Key insights

For the next 2 years, all individuals will have a concessional contribution cap of $25,000, regardless of their age.
Concessional rates will apply to Employment Termination Payments (ETP) if the sum of the ETP and the other person's other taxable income is less than $180,000.
High income individuals in Defined Benefits Funds will anxiously await clarification of the treatment of notional employer contributions.

For further information please speak with your KPMG adviser or one of the KPMG professionals listed on our Brief.

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Federal Budget 2013

KPMG's review of the major implications arising from the 2013 Federal Budget.

Superannuation

KPMG's Superannuation practice offers a range of services to superannuation funds, life offices, employers and fund trustees.

Superannuation & Pension Funds

KPMG’s Superannuation & Pension Funds provides tax, advisory and compliance services to public sector, public offer, industry and corporate funds.

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