The Federal Budget 2017 includes several changes to superannuation, the biggest of which relate to housing.
The 2017 Budget proposes a higher super contributions cap for the proceeds of downsizing homes and allowing first home buyers to withdraw voluntary contributions from super. Other changes include integrity measures, tax relief for merging super funds and a one-stop shop financial dispute resolution body.
Note that these measures have been proposed by the Government, but not yet legislated.
Extra contribution cap for downsizing home
Older people will be able to make extra super contributions from the proceeds of selling their home, from 1 July 2018.