Latest News from Newealth

Australian Federal Budget 2016

• Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner

The Federal Treasurer Scott Morrison has handed down his first Budget and some of the biggest changes to superannuation since 1 July 2007.

For example the proposed cumulative non-concessional super contribution cap of only $500,000 that starts on 3rd May 2016 and is retrospective from 1 July 2007.

For a detailed summary please refer to the attached 2016 Federal Budget.

At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.