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$14bn super flood to beat tax deadline


Tue Sep 18 2007

The Age --- Page: A2 : 18 September 2007
Original article by Marc Moncrief

LexisNexis Summary

The Association of Superannuation Funds of Australia estimates that taxpayers poured $A14bn into super funds in the three months ended 30 June 2007. The strong inflows are a result of new laws, which make it desirable to contribute to super funds prior to the 2007-08 financial year. The value of superannuation funds rose by $A72bn during the three-month period, however this is thought to be a result of the higher investment returns rather than stronger inflows.


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