THE EXPLAINER – Do you still get compulsory super after the $1.6m cap?

YOU recently explained that an individual with more than $1.6 million in superannuation will no longer be able to make any contributions to super after June 30. If the individual is still working, does that mean that the employer can no longer make the required contributions to their account either? If that is the case, does the employer just keep that money or would they pay it to the employee in another form?

Once a person has more than $1.6million in superannuation they will not be allowed to make any non-concessional contributions. However, employer contributions are …

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