28 May 2019
Technical Paper: Changes to insurance in Superannuation
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
We have been getting questions about losing insurance cover attached to a superannuation account which is classified as inactive.
Yes this will happen and will be effective from 1 July 2019.
The legislation requires superannuation members to either opt-in to hold insurance in a superannuation account classified as inactive or to make ongoing contributions/rollovers.
We have attached a technical paper detailing the change and if you have questions or need help please call or email us directly.
Click to read.
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.