The Government released its federal Budget on Tuesday, 12th May.
We have again prepared a fact sheet outlining the main super changes proposed in the Budget along with a commentary on how those changes may impact AvSuper members.
The impact for you
While the Budget has very little direct impact on superannuation, the proposed changes may have a significant effect on some members. In particular members with a terminal illness or needing the federal Government’s Age Pension may need to assess the impact of the Budget on their finances.
Before making major decisions about your super and/or retirement income stream, please remember these changes are not yet law and may well be altered and delayed. We suggest you get personalised advice from our Member Advice Consultants to better understand your options and their implications.