Superannuation Tax Plan Overhaul: What You Need to Know

superannuationtax planretirement savingsgovernment changesfinancial news

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Superannuation Tax Plan Changes

The government has revised its superannuation tax plan, indexing the balance to the CPI measure of inflation and introducing new thresholds.
Tax will be applied to realised earnings, not unrealised gains.
Lower income earners will benefit from an increased low income superannuation tax offset.

What This Means for You

The changes aim to make the superannuation system more sustainable and fair. You might be wondering how this affects your retirement savings. The new plan is set to come into force in July 2026.

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energy efficiencyhome improvementssuperannuationparental leaveAlbanese government

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