Hello and welcome back to the 360 Money Matters podcast! Continuing from our previous episode’s discussion on superannuation and getting money into it, we’d like to share some big news that is happening in the superannuation environment.
In this episode, we will be going over the six significant changes coming to superannuation and what these mean for you moving forward. In addition, we will also talk about how these changes lower some of the barriers to entry and offer more flexibility for your retirement strategies.
We’re very excited to talk about why these changes are a step in the right direction to help you drive wealth creation even in retirement so make sure to tune in!
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This podcast 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 your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
- Removal of the Work Test for ages 67-74
- Lowering the age restriction for the downsize contribution
- Opening the “Bring Forward Rule” for people up to age 74
- Removing the minimum earnings requirement for your employer’s super contribution
- Increase in the minimum employer contributions towards super
