Federal Budget – Superannuation Update
On Tuesday evening the Federal Government Budget proposed some new laws surrounding superannuation contributions for Australians. You may be interested to know the following: Contribution restrictions lifted on 65 and 66-year olds Under proposed new laws announced in last night’s Federal budget, Australians aged 65 and 66 will be able to make voluntary super contributions […]
Seniors Win from 2013-2014 Federal Budget
Seniors Win from 2013-2014 Federal Budget They will soon be able to sell their home and keep $200,000 without affecting their pension. The Treasurer has provided a direct incentive for seniors to downsize. In a planned trial programn scheduled to start running from July 1st 2014 for ten years, $112 million will be allocated to seniors […]