Are you ready for the Government’s superannuation changes?
On Wednesday 9 November 2016 the Government introduced its superannuation legislation which makes changes to the superannuation laws it originally announced in the 2016 Federal Budget.
Most of these changes will apply from 1 July 2017 so it may be worthwhile thinking about how your superannuation will be impacted by the changes now and whether you might need to change any of your superannuation arrangements.
Changes in the legislation which you might need to consider include:
Some of these changes may require you to adjust your investment, contribution, pension and estate planning strategies going forward.
This will most likely be the case if you have a consolidated superannuation balance of over or close to $1.6 million, were planning on making significant contributions to superannuation in the next few years, are a high income earner or have a transition to retirement pension in place now.
How can we help?
If you are concerned that the Government’s changes to superannuation are going to affect you, get in contact with Amy Glanvill, Easdowns superannuation expert and arrange a time to meet in order to discuss your particular requirements in more detail.
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