Superannuation Changes

We confirm the following changes;

• $450 super guarantee threshold has been removed, which now means that all employees are able to receive 10% superannuation guarantee regardless of income. 
• The downsizer super contributions eligibility age for people choosing to sell their home and make a downsizer contribution (maximum $300,000 into superannuation), has been reduced from 65 years of age to 60 years of age. 
• Changes for those aged between 67 and 75 to remove the requirement for the work test up to age 75 and also allow individuals up to age 75 to access the bring forward rule for superannuation non concessional contributions.