What’s Changing in the New Financial Year?
Superannuation
The End Is Nigh (of the Financial Year, that is)
More on Budget 2023
Super’s Got a New Cap
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New financial year, new financial rules. Here are some of the Government changes that took effect on 1 July. We will look more closely at these and other changes in the weeks and months ahead.
June 30 is sneaking up on us and there are only three more weeks until the end of the year. Time to really make sure you have all your ducks in a row. Here is our year end ‘to-do’ list for all things superannuation.
Last week we looked at the recent Budget’s ‘big picture’ – the unexpected surplus of $4 billion. This week, we take a closer look at some of the specific announcements. There were no really ‘big’ announcements (other than the surplus); rather there were a suite of smaller changes.
You may have seen recent commentary about a new cap on large super balances. It has caused a lot of discussion, but the changes will not affect that many people. Most of us do not really need to worry.