The Federal Government has made a number of changes to the rules relating to super. These changes were initially announced in the 2016/17 Federal Budget and then amended following public consultation. The legislation giving effect to the changes has passed through Parliament and is now law.
Most of the changes will take effect from 1 July 2017. The changes will apply to members of each of the Gold State Super, West State Super, GESB Super, Retirement Income and WA State Pension Schemes.
An overview of the changes is available here. After each summary you will find links to both Government and GESB fact sheets which provide further background information.
If you have any questions or would like to review the impact of the above changes, please contact us to book an appointment.
Blueprint Planning Pty Ltd (ABN 78 097 264 554), trading as Blueprint Wealth, is an authorised representative and credit representative of AMP Financial Planning, Australian Financial Services Licensee and Australian Credit Licensee.
This article contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider you financial situation and needs before making any decisions based on this information. If you decide to purchase or vary a financial product, your financial adviser, Blueprint Planning Pty Ltd and other companies within the AMP Group may receive fees and other benefits. The fees will be a dollar amount and/or a percentage of either the premium you pay or the value of your investment. Please contact us on (08) 9423 0300 if you would like more information.