The Australian Financial Review --- Page: 31-31 : 27 December 2006 Original article by John Wasiliev
ABIX Summary
Australians have only six months to take advantage of existing superannuation rules before substantial changes occur on 1 July 2007. These changes will provide greater flexibility in withdrawal types for retirees, generous pension entitlements and tax-free income for people over 60 years old. Prior to the changes, greatly increased contributions, and multiple tax-deductible contributions, can be made to super before contribution limits are imposed. Some people are borrowing on assets and contributing the cash into super while they can. Others are looking at interest-free loans to family members which attract no tax.
