Seems to me that the Oz government has shot itself in the foot with the new super rules.

Under the new rules additional contributions per annum are restricted to $50,000 or $150,000 if in the right age bracket and if under 65 you can do a one off contribution of $450,000 and then nothing for next three years.

The above would be fair enough but it also applies to transfers in from other pension schemes so anyone with a major chunk of money in a UK scheme could be stuffed.

I don't know why the government did not make an exception for pension transfers.

I note that many of the firms offering to do these UK pension transfers make no mention of this new limitation.

Anyone out there been caught out with change in the legislation?