Category: Budget

In light of the Federal Budget and given the media's tendency to focus on the unfavourable superannuation changes, this month's Wealth Pipeline focuses on the positive takeaways from the proposals. If the legislation is passed, the below changes will come into effect 1st July 2017.

Specifically, we cover the proposed changes to excess non-concessional contributions, Superannuation Guarantee (SG) rates, paid parental leave, and the temporary budget repair levy.  It’s worth noting that these policy changes are proposals only and require the passage of legislation to become effective

Whilst there were many changes in the recent 2010 Federal Budget, today we will be addressing the major superannuation changes.  If you are interested in discussing any of the other changes and how they may advantage wealth creation, please contact us. Superannuation Guarantee (SG) - Increasing from 9% to 12 % by 2019/20