The extent of the Government’s ‘Plan to simplify and streamline superannuation’, as announced in the Federal Budget, came as quite a surprise to many. This presentation provides an overview of the Government’s proposals and the further developments since the budget announcement, including discussion of the following specific aspects of the proposals:
- taxation of benefit payments
- payment rules
- contribution rules
- age pension assets test (Centrelink)
- other measures
- untaxed schemes.