News tagged with Superannuation

Contributing the proceeds of downsizing to superannuation

 

On 9 May 2017 the Government announced that from 1 July 2018, individuals aged 65 or over will be able to make a contribution to super of up to $300,000 from the proceeds of selling their home. ...

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Superannuation Changes 2017

Superannuation in Australia is changing as of 1 July 2017.  These changes flow from the 2016 Federal Budget and it is important that individuals understand if they are affected by them.

To assist you in determining if you will be affected, the Australian Tax Office has prepared a package of information.  All this information can be found at www.ato.gov.au/Individuals/Super/Super-changes/

Once you have established if you will be affected the next step is to get the right information and advice.

If … Read the rest

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Budget 2016: Some great news, some missed opportunities, and some concerns

COTA Australia has labelled the overall effect of the 2016 Federal budget a mixed bag for older people with some great measures around superannuation but missed opportunities in aged care, housing and mature age employment.

COTA Australia Chief Executive Ian Yates said he welcomed the initiatives which put superannuation back on the path for which it was originally intended and ensured women and low income workers had more opportunities to save for their retirement (see separate COTA media release Read the rest

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