Federal Treasurer Scott Morrison put forward a number of proposed changes, mainly around contributions to superannuation and taxation, in his budget speech Tuesday night. These are the biggest changes we have seen to the superannuation system in over a decade.
Here’s a brief Budget roundup of what the proposals could mean for you—whether you’re starting out in your career, taking care of family, on the cusp of retirement or enjoying life after work.
Remember, proposals are not set in stone and could change as legislation passes through parliament.
If you have any queries or want to discuss this further with your adviser, please contact our office on 07 3029 5400 for Brisbane or 07 4632 5466 for Toowoomba.