news banner fund

As expected, a number of key superannuation changes were announced in this year’s Federal Budget. 

Unsurprisingly, superannuation has yet again been used as a pot of money to solve some of the budget issues. The Budget papers show the Government has wound back $4.5 billion in super tax concessions, with only $1.5 billion being re-invested back into the super system and not all of this will flow to lower income earners. 

Snapshot of super changes

  • New $1.6 million cap on benefits you can transfer into retirement phase
  • New concessional contribution cap of $25,000 for all
  • Lowering of the high income earner additional 15% contributions tax threshold to $250,000
  • New lifetime non-concessional cap of $500,000
  • More people able to claim super tax deduction on voluntary contributions

You can download our fact sheet which outlines all the key changes. 

The fact sheet also contains links to consumer fact sheets released by the Government covering each area.

The proposed changes have different starting dates; some are effective immediately with some retrospectively while most are scheduled to commence 1 July 2017. 

Please remember we are here to help. If you are concerned about the changes, we encourage you to speak to a Vision Super Financial Planner.

For assistance please contact Vision Super on 1300 300 820.

Latest videos

  • [HD] Investment snapshot - Sustainable investment updates
  • [HD] Investment snapshot - Outlook for the 2017-18 financial year
  • [HD] The VisQuiz - Sustainability
  • [HD] The VisQuiz - Planning for retirement
  • [HD] The VisQuiz - Investments
  • [HD] The VisQuiz - Insurance
  • [HD] The VisQuiz - Budgeting
  • [HD] The VisQuiz - Fees and costs
  • [HD] The VisQuiz - Digital world
  • [HD] The VisQuiz - Contributions

Follow us on social media today

Twitter feed

Our people, our Vision. Meet another one of our members here: https://t.co/5rfvh1JHll community https://t.co/Q9mLeQSOYK
About 22 hours ago
Who would have thought questions about insurance could be so FUN! Take the VisQuiz yourself at… https://t.co/VhoYwHznjI
22 September 2017

Twitter CEO feed

RT @womeninsuper: We'll be supporting the itsinthebag drive at our WIS NSW event on 16 October. Learn more about the initiative here https…
26 September 2017
RT @VisionSuper: Kit from the @VisionSuper team took this on the way to Hindmarsh Shire Council. No drive is too far when there are members…
25 September 2017