Business
Budget superannuation changes: ‘work test’ scrapped for some older Australians and downsizer scheme extended – The Guardian
The First Home Super Saver Scheme will also be extended, along with the pension loans scheme, and the minimum contribution threshold will be scrapped
Australian budget 2021The First Home Super Saver Scheme will also be extended, along with the pension loans scheme, and the minimum contribution threshold will be scrapped
Tue 11 May 2021 11.28 BST
Some older Australians will be able to contribute earnings or savings directly into superannuation funds with the repeal of the work test among several rule changes in Tuesdays budget.
The change, designed to boost the balances of those without the long-term benefits of compulsory superannuation, is…
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