On 1 July 2017, the government’s super changes will come into effect. Read our fact sheet on the changes to see how they could affect you.
Some of the major changes include:
- New contribution caps that will limit the amount you can contribute to super from your before tax and after tax salary.
- A concessional tax on investment earnings will apply to transition to retirement accounts – such as the Vision Non-commutable Allocated Pension.
- A new $1.6 million transfer balance cap will limit the savings you can transfer to retirement phase account, such a Vision Allocated Pension.