The changes to the superannuation (super) system, announced by the Australian Government in the May 2016 Budget have now received Royal Assent.
These changes were designed to improve the sustainability, flexibility and integrity of Australia’s super system. Most of the changes will commence from 1 July 2017.
Your super is your future – check to see if you are directly affected or what these changes may provide for you to maximise your savings for retirement.
Click here for ATO’s overview of the changes. More detailed information will become available in coming weeks to help you understand the changes, how they may affect you and what you may need to know and do now or in the future.