Proposed Changes to Superannuation

Friday, Mar 8, 2013

The Federal Government has proposed a raft of changes to the superannuation environment.

The Federal Government has proposed a raft of changes to the superannuation environment. These changes were heavily reported in the media and expert opinions offered all around.

The key points of the proposed changes are as follows;

  • Proposed pension tax is detrimental
  • Only affects members who have large ($2 million) balances
  • There are some positive changes, such as increases to the contribution caps
  • These proposed changes have not yet been legislated, so don't panic right now!