Federal Budget 2018/19

Superannuation and SMSF changes in the 2018/19 Australian Federal Budget.

Changes to superannuation insurance won’t jack up rates – but if anything they don’t go far enough

The life and disability insurance offered by superannuation accounts can be the best possible deal for members. But the experience is often bitter for younger people, who are “opted in” to insurance they won’t need until they have dependants, face administrative hurdles to opt out, and are often charged fees… Read More »Changes to superannuation insurance won’t jack up rates – but if anything they don’t go far enough

Budget 2018: draft legislation released for super fee cap, insurance opt-in

The Government has released draft legislation for three of the superannuation changes announced in the 2018 Budget. The 2018 Budget, which was released last night, included a number of superannuation changes. The Government has now released, for consultation, draft legislation for three of the changes: Cap on some super fund… Read More »Budget 2018: draft legislation released for super fee cap, insurance opt-in

Budget 2018: ‘protecting your super’ boosts Budget bottom line

The 2018 Federal Budget includes ‘integrity’ changes to superannuation which boost the Budget bottom line, makes small improvements to SMSFs, and revisits a change the Government announced and then dropped. Superannuation changes in the 2018 Budget: Three-year audit cycle for SMSFs with good history One year exemption from Work Test… Read More »Budget 2018: ‘protecting your super’ boosts Budget bottom line