The tax year commencing 1 July 2017 brings a list of extensive changes to superannuation.
Do the superannuation changes affect you?
“Most of the changes to the superannuation (super) system will commence from 1 July 2017. These changes are design to improve the sustainability, flexibility and integrity of Australia’s super system.
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. Detailed information is available to help you understand the changes, including for some topics, law companion guidelines to provide certainty about how the changes will be administered.
While you may not be affected by the changes now, it’s important to be aware of the changes for your future. If you think you are affected or may be in the future, consider seeking financial advice.”