Stay ahead of your retirement strategies and succession planning
The Government has recently ratified radical and substantial changes to the superannuation laws commencing broadly from 1 July 2017.
This year has seen some of the biggest developments to superannuation since 2007! On 3 May 2016 Scott Morrison delivered his first Federal Budget as Treasurer which proposed a significant number of changes to superannuation.
There’s been a lot of public discussion about superannuation recently.
While the overall efficiency of the current superannuation system is a key talking point, the broader conversation is a national policy debate about the long-term future of superannuation and the age pension system.
Are the days numbered for Limited Recourse Borrowing Arrangements (LRBA)? An in-depth look at the recent Financial System Inquiry (FSI) certainly suggests so.
It’s been a long time coming but from 1 July 2014 the Concessional Contribution cap has increased from $25,000 to $30,000 for those aged under 50 and $35,000 for those aged over 50.