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700 cough up $1m super each


Tue May 22 2007

The Australian Financial Review --- Page: 48 : 22 May 2007
Original article by Brendan Swift

ABIX Summary
Some Australians have taken advantage of the chance to make large superannuation contributions. Macquarie Adviser Services has reported that 700 clients had made $A1 million deposits between 1 March 2007 and 30 April. This is the first reported increase stemming from the Australian Government's reforms. Inflows are expected to continue to increase until 30 June.


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