Henry Tax Review - Reward for Low Income Earners

You can see more posts here ==> Henry Tax Review Posts

The Henry review of Australia's taxation system was released today with good news for low income earners. Proposed in the Henry Tax Review is a $500 low income earners Government contribution into superannuation funds from 1 July 2012.

The Government will provide a contribution of up to $500 annually into the superannuation account of workers on adjusted taxable incomes of up to $37,000. This will provide a reward for savings for low income earners by ensuring no tax is paid on SG contributions. The Government will also retain the co-contribution scheme.

For more details visit this FREE fact sheet on ==> Superannuation - Low Income Earners Government Contribution.

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