Flummoxed on those super cap increments

By Noel Whittaker
Updated June 28 2018 - 1:23pm, first published September 19 2017 - 12:00am
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Your Money Q&A

Q LITTLE has been said about increments to the $1.6 million super cap. While I understand it will go up in $100,000 increments as per CPI, what I don’t understand is if the CPI for next year is only 2 or 2.5 per cent, this increment will be between $30,000 and $40,000. So in July next year, will the super cap go up the $100,000 or will we have to wait until the following year or maybe even the year after that?

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