There are now trillions of dollars tied up in Australia’s superannuation system, so it should come as no surprise that successive governments take an interest. The Your Future, Your Super reforms introduced on 1 July 2021 are the most recent example of this and are unlikely to be the last.
Those changes were designed to hold the system, and the super funds that manage that money, to account. On balance, this is a good thing, as long as the outcomes achieved are the best for members and their retirement savings.
In fact, superannuation in Australia has undergone constant change during its 150-year history, even though it’s only really in the last three decades that it’s become accessible to all working Australians.
Join SuperGuide to continue
Take control of your super
Save tax, boost your super and set yourself up for a better retirement
- Step-by-step guides
- Up-to-date super rules
- Tips and strategies
- Checklists and how-to guides
- Calculators and quizzes
- Case studies and Q&As
- Super and pension fund rankings
- Monthly webinars and newsletters
Leave a Reply
You must be logged in to post a comment.