Federal Budget 2011/12

The Federal Government announced no new major reforms to superannuation in their 2011/12 Budget but they did announce a few changes and some clarification to existing policies.

Employers to provide details of super contributions on employee's payslips

Starting from 1 July 2012, all employers must provide details of the employee's super contributions on the employee's payslip.
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Relief for members who exceed their super contributions cap

There have been some changes for people who exceed their personal contribution cap.
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Changes to the concessional contribution cap for members over 50

The concessional contribution cap for members over 50 years of age will not be indexed but will increase in line with the general concessional contribution cap.
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Thresholds for the Government's Co-contribution remain the same

The income thresholds for the Government's Co-contribution will remain the same until 30 June 2013.
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