The Federal Government has frozen the super contributions cap for the next financial year and introduced a new measure designed to help those who have mistakenly put too much money into their superannuation.

The Tax and Superannuation Laws Amendment (2012 Measures No.1) Bill, introduced into parliament Thursday, has paused the indexation of the super concessional contributions cap for another year. The general concessional cap (for those under 50-years old) currently stands at $25,000. The government said it was not expected to increase to $30,000 until the 2014-15 financial year.

The new Bill will also allow those who breach their superannuation contributions cap the option of a refund of up to $10,000 of that money in order to eliminate or reduce their tax penalty. Individuals who put too much into their super in any given year will have the ability to take back up to $10,000 and have that assessed at their marginal tax rate rather than at the penalty rate of 46.5%. (For more on caps, read What to do if you exceed your contributions cap.)

The Government said in a statement that the measure is expected to provide relief to just over 30,000 individuals over the forward estimates period.

The Government also plans to make it compulsory for employers not only to include an employees superannuation on their pay slip, but to also include when the amount will be paid into the fund.

“This measure will benefit those employees who are most vulnerable, that is, low-income, casual and part-time workers by giving them better information about the payment of their super entitlements,” Bill Shorten, Minister for Financial Services & Superannuation, said in a statement.

The Government said it will consult the public in developing this regulation to make it as easy as possible for employers to comply while still conveying essential information to their employees.