Discussing the real impact of the overhaul to the superannuation system - what now?
Two years on, the impact is clearer.
The May 2016 Federal Budget was one that sent shockwaves through Australia’s superannuation system, as it overhauled almost all facets of super including contributions, pensions and reporting.
A short time frame for introduction left some scrambling to address pensions over $1.6m, and the availability of capital gains tax relief, and it is only now that the dust is settling that the longer term implications are really being felt.
In addition, announcements from Bill Shorten in March 2018 are threatening to undermine the system yet again by taking away the refunding of excess franking credits.
What does it all really mean for people planning for their retirement, and for those still trying to restructure?
Find out through the first whitepaper in the thinkBIG 2018 series, discussing the stability of our superannuation system.