The Sydney Morning Herald --- Page: 11 : 21 February 2007 Original article by Kelsey Munro
ABIX Summary
There are mixed thoughts on the Generation X and Y impact from 2007 superannuation changes. People below 35 years of age can personally contribute up to $A50,000 from 1 July 2007, generally using salary sacrifice arrangements to do so. This is sensible according to the 2006 research on retirement income. However, there are some financial planners speculating that few generation X and Y consumers will rush to boost super savings over more immediate priorities, such as home ownership and more flexible saving options.
