Superannuation & Technical Financial Advice

As part of the Federal Governments $66 billion stimulus package to help reduce the economic fallout of the coronavirus, Treasurer Josh Frydenberg made the following three superannuation measures.

In this newsletter we discuss the Federal Government’s Mortgage Guarantee Scheme, designed to assist first home buyers to get on the first rung of the property ladder with a deposit of as little as 5%.

On September 2019 the Treasury Laws Amendment Bill 2019 was passed to allow certain people to opt-out of receiving the Superannuation Guarantee (SG) contribution from their employer.

Announced as part of the 2018 Federal Budget, the work-test exemption was introduced to allow recent retirees the ability to contribute to their superannuation without having to meet the work test.