Do the super changes affect you?

The changes to the superannuation (super) system, announced by the Australian Government in the May 2016 Budget have now received Royal Assent. These changes are designed to improve the sustainability, flexibility and integrity of Australia’s super system. Most of the changes will commence from 1 July 2017.

Your super is your future and we want to help you understand the changes, check to see if you are affected, or how these changes might help you save for your retirement. You may be affected if:

  • you make extra super contributions
  • you have an income over or close to $250 000
  • you or your spouse have an income less than $40 000
  • you have taken a break from the workforce or you work part time, 
  • you have approaching retirement or are already retired.

Do the super changes affect you?

Do you or your spouse earn less than $40,000? If yes, refer to:

Are you making extra contributions to your super? If yes, refer to:

Are you approaching retirement? If yes, refer to:

Do you earn over or close to $250,000? If yes, refer to:

Have you taken time out of the workforce or do you work part time? If yes, refer to:

Are you retired?

Contact our SMSF Experts

If you have any questions about the above article, please contact our SMSF Services experts:

Kim Meredith

South West Sydney


Senior Client Director - SMSF Specialist Advisor

(02) 4625 7711

Ada Poon

North Sydney


Client Director - SMSF Specialist Advisor

(02) 9923 0800


While we have made every attempt to ensure that the information contained in this article has been obtained from reliable sources, Kelly+Partners is not responsible for any errors or omissions, or for the results obtained from the use of this information.