On Wednesday 23rd November, Morrows delivered the news that the Government’s changes to superannuation, many of which we have highlighted recently, have passed both houses of Parliament.
The ‘Fair and Sustainable Superannuation’ package includes changes to:
- General/Personal Transfer Balance Cap
- CGT Relief
- TRIS
- Condition of Release
- Reversionary Pensions & Estate Planning
- Contribution Rules
- SOAs and Licensing
In the lead-up to these changes, Morrows have been running specialist in-house briefings to prepare our clients for the future (see story in this edition of Insight). Along with the topics outlined above, our acknowledged superannuation experts Murray Wyatt and Maureen Allan have been presenting on crucial topics such as – ‘New super-related definitions’, ‘Personal transfer balance caps’, ‘Retirement a condition of release’ and ‘Excess transfer balance’ on segregated assets & unsegregated pension assets.
How Can Morrows Help?
If you have been unable to attend, we highly recommend you seek advice from your Morrows Private Wealth Advisor as soon as possible by calling (03)9690-5700 to make an appointment. We also invite you to inquire about our upcoming Morrows’ skype-for-business webinars.
