Further to the fact sheets we provide after the 2020 and 2021 Federal Budgets, there have been a number of other very recent legislative changes that will impact on superannuation.

We have outlined these changes on our Legislation updates page and summarise them below for you:

  • Your Future, Your Super
    includes Fund Stapling (to avoid inadvertent account duplication) and a comparison tool
  • recontributing COVID-19 early release withdrawals
  • bring forward arrangements extended to 65 and 66 year olds
  • removal of excess concessional contributions charge
  • increase concessional contributions cap

For further information on any of these measures, please contact our Member Advice Consultants.

Michael Sykes