Login
iscover
The super industry already has enough on its plate with major reforms set to start on 1 July, and logic suggests any additional Budget measures would need to be positive concessions.
Newsletter
Budget 2017: ‘Positive concessions’ best bet for superannuation
05 May 2017
•
8 minute read
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
As is the case with any reforms, refinements are often necessary to address unanticipated consequences. Indeed, the ATO and Treasury have been quick to respond to emerging issues with recent announcements concerning pension commutation requests to stay within the $1.6m pension cap and integrity measures for SMSF borrowings.
So don’t be surprised to see some further super details on Budget night, such as clarification on how the Age Pension means tests will apply to the proposed new category of innovative retirement income products, including deferred annuities.
This piece is brought to you by Thomson Reuters. To sign up to Thomson Reuters Federal Budget 2017 report, please click here.
You are not authorised to post comments.
Comments will undergo moderation before they get published.