Changes to the Work Test

14 Apr, 2022

The Government announced recently that superannuation rules will no longer require an individual age 67 to 74 to meet the Work Test to be able to contribute to super.

Increase in the Super Guarantee

9 Jul, 2021

If you are an employee, the amount your employer contributes to your super fund has just increased to 10 per cent of your pre-tax ordinary time earnings from 1 July, up from 9.5 per cent.

Super Contribution limits to increase

12 Apr, 2021

From 1 July 2021, the concessional contribution cap is set to increase from $25,000 p.a. to $27,500 p.a. allowing more funds to be added into your retirement savings.

Work test to kick in at age 67

9 Aug, 2020

Under changes to the work test, if you are aged 65 or 66 you can now put money into super even if you aren’t working. This gives people flexibility to make voluntary catch-up contributions to your retirement savings.

Temporary Access to Super

10 Apr, 2020

As part of the measures taken by the government to support those impacted by COVID-19 some people will be able to access up to $10,000 of their super funds.

New super changes

10 Jul, 2019

From 1 July 2019, inactive super accounts with no contributions or rollovers received over 16 months will lose their insurances benefits.

Living comfortably in retirement

3 Sep, 2018

At FLP, we encourage our clients to live the life they want to live by developing a plan to enjoy their money.

New downsizing strategy

14 Aug, 2018

Downsizing the family home is often part of the longer-term financial plans for many. New legislation now allows for a new super strategy.