Federal Budget 2019/20

Budget 2019 super changes: Work Test, bring-forward rule, ECPI

Changes to superannuation in the 2019/20 Budget at a glance: Raising the age at which the Work Test applies Extending non-concessional contribution bring-forward to ages 65 & 66 Raising age limit for spouse contributions Streamlining ECPI SuperStream for rollovers for SMSFs delayed, rollover standard to be expanded Delayed start for… Read More »Budget 2019 super changes: Work Test, bring-forward rule, ECPI

Call for amnesty for legacy superannuation pensions in Budget

There are calls for the Government to include an amnesty for legacy superannuation pensions in the Federal Budget. The SMSF Association used its pre-Budget submission to call for an amnesty for legacy pensions, which includes life-time pensions, market-linked pensions and life expectancy pensions. The Association said that, given the introduction… Read More »Call for amnesty for legacy superannuation pensions in Budget

Calls for superannuation contribution cap increases in 2019 Budget

Various industry bodies have called on the Government to increase the superannuation contribution caps in the upcoming Federal Budget, though there is little consensus on how much to increase the caps. Both concessional and non-concessional contribution caps have been lowered over the last decade. Most recently the Coalition’s 2016/17 Budget… Read More »Calls for superannuation contribution cap increases in 2019 Budget

When is the 2019 Australian Federal Budget? What time is the Budget speech? Why is it in April?

When is the 2019 Australian Federal Budget? The 2019/20 Australian Federal Budget will be released on Tuesday 2 April 2019. What time is the Budget speech? Treasurer Josh Frydenberg will start his Budget speech just after 7:30 pm (AEDT), or: 7:00 pm in South Australia 6:30 pm in Queensland 6:00… Read More »When is the 2019 Australian Federal Budget? What time is the Budget speech? Why is it in April?

Government calls for submissions to brought forward 2019/20 Budget

The Government is calling for submissions for its brought forward 2019/20 Federal Budget, which is expected to be held in early April.

“The Government is seeking submissions from individuals, businesses and community groups on their views regarding priorities for the 2019-20 Budget,” said a statement from Assistant Minister for Treasury and Finance Zed Seselja.

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