Key Superannuation Changes

Key Superannuation Changes

Key superannuation changes introduced in the Federal Budget 2021 have been passed in both Houses of Parliament. These include:

Removing the work test for older Australians 67 to 74

Allowing people up to age 74 to use the bring forward rules

Downsizer contribution rules to apply from age 60

Minimum superannuation guarantee threshold has been removed to allow people on low incomes super guarantee contributions from their employer regardless of how much they earn per month

More information here:

https://taxandsupernewsroom.com.au/superannuation-budget-measures-one-step-closer-2/?utm_source=Tax+%26+Super+Australia+Weekly+Enews&utm_campaign=e6413f15d6-Major+Super+Changes&utm_medium=email&utm_term=0_d4b9991f6d-e6413f15d6-58449157

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