Superannuation Changes in 2021

THIS year welcomes some big changes that are expected to come into effect for superannuation. For a sector that generally lives by the ethos ‘if it ain’t broke, don’t fix it’ we can expect several significant changes in 2021. The measures were announced in the 2020/21 Federal Budget as part of the Government’s ‘Your Future, Your Super’ package. It should be noted that these changes are yet to be legislated. This article will provide a brief overview of some of the proposed changes.