On the 3rd of May, Federal Treasurer Scott Morrison announced his budget in Parliament. There were many initiatives announced including significant amendments to the superannuation scheme.
Superannuation topics include:
Taxation topics include:
Families and social security proposals include:
AMP have provided a financial snapshot of the proposed changes. We are working behind the scenes to understand the impacts of these proposals should they become legislated and will be in touch with our clients to help them navigate a new economic climate.
Any advice in this document is general in nature and is provided by AMP Life Limited ABN 84 079 300 379 (AMP Life). The advice does not take into account your personal objectives, financial situation or needs. Therefore, before acting on this advice, you should consider the appropriateness of this advice having regard to those matters and consider the product disclosure statement before making a decision about the product. AMP Life is part of the AMP group and can be contacted on 131 267. If you decide to purchase or vary a financial product, AMP Life and/or other companies within the AMP group will receive fees and other benefits, which will be a dollar amount or a percentage of either the premium you pay or the value of your investments. You can ask us for more details.
You may also like