budget 2021

Tools & guides

This year’s Federal Budget brought in numerous changes to superannuation including making contributions and managing retirement income streams, writes Tim Howard and Neil...

Superannuation

Budget opens door to dismantling SMSF legacy products

Market-linked lifetime products which have passed their use-by date can be progressively dismantled thanks to changes announced in the Budget....

Financial planning

FPA welcomes cap on ASIC spending

The Financial Planning Association has pointed to the winding up of FASEA and a cap on Australian Securities and Investments Commission spending as being positives from t...

Superannuation

Budget did not leverage RIR

The Budget could have made more impactful changes to the retirement incomes system to help those at risk of poverty in retirement, according to the Actuaries Institute. ...

Policy & Regulation

Financial services groups welcome key Budget measures

The Financial Services Council and the Association of Superannuation Funds of Australia have welcomed the target changes to superannuation and the Government’s long-await...

Superannuation

Budget delivers break to SMSFs

Self-managed superannuation funds will find themselves on equal footing with APRA-regulated funds when members move offshore....

Superannuation

Government delivers on super threshold

The Government has delivered on its pre-Budget announcement around the $450 superannuation guarantee threshold and removal of the work test for older Australians....

Superannuation

Budget confirms end to domestic violence early release

The Government has made it official by stating in the Budget that early release superannuation will not be allowed with respect to domestic and family violence....