Superannuation Changes: Their impact on you. |Camori Investments

Superannuation Changes: Their impact on you.

Superannuation Changes: Their impact on you.

In November 2016, the federal government succeeded in passing changes to our superannuation laws, claiming it will save almost $3 billion and future proof the superannuation system for decades to come.

The changes were first proposed in the 2016/2017 Federal Budget in May 2016.  The superannuation bill, the Treasury Laws Amendment (Fair and Sustainable Superannuation) Bill 2016, was passed in November 2016 and contains several amendments.

Most of the amendments will come into effect on 1 July 2017, so there’s plenty of time to understand how you could be affected and consult a Camori Investments superannuation specialist to make the necessary changes before then.

The key changes to be aware of are:

Money into super:

Money out of super:

Planning for your retirement shouldn’t be confusing or complicated.

This round of changes could have an impact on your superannuation and future retirement. Although these changes don’t come into effect until 1 July 2017, now is the time to act. Contact a Camori Investments Superannuation specialist today.

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