How the proposed work test exemption contribution rules will work

Treasury has released for draft consultation the amendments to extend the work test exemption for recent retirees.  This announcement was made in the 2018-19 Federal Budget, whereby it makes amendments to the non-concessional contributions (NCC) rules in the ITAA 1997 to complement proposed amendments to the contribution acceptance rules within the SIS Regulations (SISR 7.04).…