Federal Budget 2016: Superannuation Fact Sheets
The recent Federal Budget proposed a considerable number of significant changes, to legislation likely to impact many Australians. The nature and extent of the measures that have been announced have led to many questions.
In response to this, Treasury have published a series of Fact Sheets that attempt to concisely explain the measures and add some further detail to the budget night announcements. We have included them here for your convenience.
Please see the links below to access these Fact Sheets:
- A superannuation system that is sustainable, flexible and has integrity
- Introducing a $1.6 million transfer balance cap
- Reforming the taxation of concessional contributions
- Annual non-concessional contributions cap
- Changes to defined benefit schemes
- Supporting Australians to save for their retirement by introducing the Low Income Superannuation Tax Offset
- Improving access to concessional contributions
- Allowing catch-up concessional contributions
- Extending the spouse tax offset
- Enhancing choice in retirement income products
- Improve integrity of transition to retirement income streams
- Improving governance and transparency
- Impacts on key groups
- More flexibility and choice for older Australians
Investment Administration Service – Client Login
Many of our clients use an administration service to maintain all the relevant current and historical information around their investments. In most cases it is possible to login and access your own information directly and many clients choose to do this.
We have provided the links below to the most popular services:
Australian Executor Trustees
AET My Portfolio (Private Superannuation Fund)
https://www.aetmyportfolio.com.au/
Australian Super
Australian Super – Member Login
https://www.australiansuper.com/login
Macquarie Bank
Personal – My Home (Macquarie Cash Management A/c, Macquarie Wrap)
http://www.macquarie.com.au/mgl/au/personal/myhome
MLC
MLC Personal Login (MasterKey & MLC Wrap)
https://id.mlc.com.au/auth/applicationLogin
myGov
The Australian Government has updated its online myGov portal to include a range of new services. The following member services are currently available:
- Medicare
- Centrelink
- Child Support
- ATO (Australian Taxation Office)
- National Disability Insurance Scheme
- My Health Record
- DVA (Dept of Veterans’ Affairs)
- My Aged Care
- Australian JobSearch
myGov Australian Government – online services.
https://my.gov.au/LoginServices/main/login
Useful Links
For Understanding Series factsheets, calculators and links to other external services, click here.