The 2017 Australian Federal Budget - focusing on fairness and a return to surplus by 2021.
The Budget promises to drive jobs and growth through infrastructure and is good news for the superannuation industry. It includes a new incentive for first home buyers to save through their superannuation from 1 July this year.
This will benefit first time buyers to start saving money through salary sacrificing in their super that goes beyond their 9.5%. This is a good outcome as it not only engages first home buyers with their superannuation, it encourages sensible saving.
Overall, the implications for super funds, employers and individuals must be understood and planned for, making our report essential reading and expert video from Dr. David Knox (above) valuable viewing on what you need to be thinking about now.
Download our detailed analysis of the Federal Budget and what it means for superannuation funds, employers and individuals.