2019-20 Federal Budget
We’ve provided a brief summary of the key superannuation changes proposed by Treasurer Josh Frydenberg.
- Work test exemption for individuals aged 65 and 66
- An additional window for making spouse contributions
- A simpler process for claiming income tax exemptions for pensions
- Expansion of the ATO SuperStream system
And there is good reason to keep it brief right now, because there is an election looming, and the Labor Party seems to have more shake-ups in mind for our super system. We are yet to see how many of these proposals will actually be implemented. More from us on this soon.
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