Changes to Superannuation

Government committed to no more major changes to taxation of super

The Government has “committed to making no further major changes to superannuation taxation” says Assistant Treasurer Stuart Robert. The Minister told the Alliance for a Fairer Retirement System summit that instead “the focus on any future change will be to simplify Super where ever possible or lessen any burden”. “The… Read More »Government committed to no more major changes to taxation of super

Actuarial and commutation rules dropped from superannuation regulations

New rules for actuarial certificates and commuting some kinds of superannuation pensions due to the Transfer Balance Cap have been dropped from the final version of the Treasury Laws Amendment (Fair and Sustainable Superannuation) Regulations 2017. The Treasury Laws Amendment (Fair and Sustainable Superannuation) Regulations 2017 were registered on 27… Read More »Actuarial and commutation rules dropped from superannuation regulations

Superannuation changes in 2016

Superannuation changes in 2016 have been dominated by the range of measures announced in the 2016/17 Federal Budget – though several of these changes to superannuation have been modified or abandoned. Below is a list of many of the changes to superannuation in 2016 and their current status.

In brief, many of the Government’s changes to superannuation announced in the 2016 Budget, some of which have subsequently changed, have passed the Parliament: Fair and Sustainable superannuation package passes Parliament.

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