Contact: Donna Khoe
With the effective date for the super reforms fast approaching on 1 July 2017, there are numerous planning opportunities available before 30 June 2017.
We’ve set out a quick guide to assist you in surviving these reforms below:
Rule No 1 – Don’t panic!
While significant amendments have been made to the way superannuation funds are regulated in Australia, it is essential to remember that the majority of the key tax concessions (e.g. flat 15% tax on earnings) afforded to these superfunds remains the same which will continue to serve the core purpose of providing you with a better retirement.
Rule No 2 – Identify the reforms that is applicable to you
Not all of the changes announced will have an impact on you and your super member balance and it is important to focus on the ones that do affect you.
