Latest News from Newealth

4 May 2016

Australian Federal Budget 2016

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.


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