May 2018 - Bramelle Partners

Superannuation updates – 2018

Last years Budget announced major changes to superannuation not seen for over a decade. The changes will introduce increased reporting requirements with the new reporting to occur before 30 June 2018. The reporting requirements will be ongoing for the life of superannuation members and the announced changes are likely to impact superannuation balances in the...

The Federal budget announcement on 8 May 2018 was fairly conservative, light on any major tax reform and heavy on long term tax relief for many low and middle income Australians. The Government was a beneficiary of higher than forecasted tax collections with a deficit forecast for 2017/18 of $18.2b (less than half the...