This article issued as an alert –
- to some speculation that a superannuation contribution cap change would be announced at the forthcoming Federal Budget.
It was issued to provide awareness – an alert. It gave clients and readers the opportunity to consider their contribution position for the 2009 financial year –
- and act promptly if the need for a contribution is urgent,
- especially if the contribution amount is to be substantial.
There had been some speculation in the Press suggesting that the government would move to reduce the superannuation contribution limits by 50% from their current levels. At the time of issuing the alert, we could neither confirm nor refute those rumours.
Presuming the government may have intended to make such a change, the question we posed was whether it would take effect from –
- Budget night;
- 1 July 2009; or – highly unlikely –
- 1 July 2008!
Anybody who had been planning to make a substantial contribution by 30 June 2009, relying on the law as it existed at then time of the alert issuing, was prompted to consider making the contribution prior to next Tuesday evening (12 May 2009 – Budget night).
We expressed our trust that this superannuation contribution cap change alert would benefit our mclients – and our readers. It was issued with the following caveat – This is not advice: it is merely an alert to the possibilities.
Clients and readers alike, were invited to contact Continuum Financial Planners to make an appointment to discuss this matter, by –
- phoning our office on 07-34213456, or
- at your convenience, use the linked Book A Meeting facility.
(This article was first posted by us in May 2009. It has occasionally been refreshed/ updated, most recently during May 2025.)
