Super budget proposals enter Parliament – While we can’t act on these changes with certainty until they become law, it’s important that we understand the strategic opportunities available to clients as these measures will influence our advice both before and after the proposed start date of 1 July 2022.

  • COVID-19 disaster payment winds down
  • Social Security rates increase from 20 September 2021
  • Back to basics – the proportioning rules
  • Release of super under compassionate grounds
  • Don’t forget the minimum pension standards when commuting an income stream

Articles include:

  • Summary of income protection changes from 1 October 2021
  • ATO form available for recontribution of COVID early release amounts
  • COVID disaster payments and the work test
  • Five client scenarios – a practical look
  • Super Snapshot

Articles include:

  • Excess concessional contributions charge removed
  • COVID-19 early release payments can be recontributed without cap impact
  • Age Pension age 66.5 years, one more increase to go
  • CGT exemption for granny flat events becomes law
  • Centrelink gifting rules – a recap
  • Downsizer contributions – your questions answered

Articles include:

  • Legislation update
  • Budget proposal provides great opportunity to even up super balances a practical look
  • Defined benefit income streams and Centrelink

1. Budget Summary

2. Budget Analysis

  • Removing the work test for those aged 67 to 74
  • Ability to use the non-concessional bring forward rules for clients aged 67 to 74
  • Eligibility age for downsizer contributions reduced from 65 to 60
  • Opportunity to exit complying income streams
  • CGT exemption for granny flat arrangements
  • Superannuation and tax thresholds for 2021/22 released
  • Long service leave at termination – a practical look
  • Why one dollar of pension can mean much more

Articles include:

  • Non-concessional bring forward legislation still in Senate
  • Changes to JobSeeker become law
  • Pension rates increase from 20 March 2021
  • Concessional and non-concessional caps to increase

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