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
CEO
