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Showing 1 - 2 of 2 results for "Lower Income Contribution Scheme"

Govt confirms SG delay, kills LICS

MARK SMITH  |  FRIDAY, 25 OCT 2013
... the increase in the compulsory superannuation contributions to 12% and that it will abolish the Lower Income Contribution Scheme. Details of the government's plan to stall the lift in the superannuation guarantee (SG) were contained in draft legislation ...

Coalition will delay SG rise, abolish LICS

ALEX DUNNIN  |  THURSDAY, 16 MAY 2013
... superannuation SG rate from 9% to 12% that he said will be delayed by two years. He also said the Lower Income Contribution Scheme whereby low income earners have their 15% superannuation contributions tax rebated will be abolished. "We won't continue ...
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