In September 2016, the Federal Government dumped its proposed $500,000 lifetime non-concessional contribution cap on superannuation and replaced it with a new framework; a $100,000 non-concessional contribution cap which will come into effect from 1 July 2017.
A New Year means the opportunity to take stock of our current financial situation and ensure our financial house is in order.
With superannuation reforms taking place this July, the days of simple super are over.
With the New Year around the corner many of us will start making resolutions and plans for the year ahead. The usual suspects will be on the list; eat healthier, drink less and exercise more...
There is a growing push for the compulsory inclusion of annuities in superannuation funds, as a result of the low interest rate environment. The basis for favouring annuities is due to the steadiness of an annuity income stream, to avoid the unpredictability and volatility of interest rates over time.