New super rules now law

Those largely unpleasant superannuation changes announced in this year’s Budget are now law.  The Senate passed them yesterday.

As we explained to out clients in a seminar on Tuesday night, wile some of the changes are quite positive, many them will have substantial impacts upon how people can accumulate wealth for retirement.  Indeed, with a new concessional (deductible) cap of only $25,000 from July 2017, it will become difficult for many to fund their retirement through super as their parents did.  If it wasn’t already true enough, many people will be forced to address their retirement planning at a much earlier stage in life.

Ignorance and inaction rarely pay off and doing nothing will cost some a great deal.  It is critical you understand what you need to do under the adverse changes and what you can do to make the most of the positive changes.

At MRS, we will spend today planning for your success.