Happy new (financial) year! In this special newsletter we’ve updated all SuperGuide articles covering the key rules, regulations, rates and thresholds for the 2023-24 financial year and highlighted the major changes that take place from 1 July 2023.
Some of the key changes include:
- Superannuation guarantee increases from 10.5% to 11%
- Return to standard minimum pension drawdowns
- Transfer balance cap increases from $1.7 million to $1.9 million
- Age Pension eligibility age increases from 66 years and 6 months to 67 years
2023-24 SUPER AND PENSION CHANGES
2023-24 SUPER CONTRIBUTIONS GUIDES
AGE PENSION CHANGES
Important: All information on SuperGuide is general in nature only and does not take into account your personal objectives, financial situation or needs. You should consider whether any information on SuperGuide is appropriate to you before acting on it. If SuperGuide refers to a financial product you should obtain the relevant product disclosure statement (PDS) or seek personal financial advice before making any investment decisions.