TWUSUPER Super News October 2013

• General News
• 17th October 2013

New Federal Government - super policy changes

With the Coalition Government now in place, some of the key changes for super outlined in the Coalition’s policy for Superannuation are:

• a two year delay for further Super Guarantee contribution rate increases leaving the rate at 9.25% until 2016. The planned increase to 12% will be delayed until 1 July 2021
• revisit concessional contribution cap limits and the co-contribution scheme after the Federal Budget returns to a surplus
• plans to streamline small business super reporting by moving the small business super clearing house from Medicare to the ATO
  • review the minimum draw down amounts for account-based pensions to ensure they are adequate and appropriate depending on current market conditions.

Stronger super

TWUSUPER Employer Super Toolbox

Super is changing and TWUSUPER’s online Employer Super Toolbox is keeping you up to date. Visit twusuper.com.au/toolbox.

Need help?

TWUSUPER can help you. Contact your local TWUSUPER representative or call 1800 222 071.

This information is of a general nature only and does not take into account your objectives, financial situation or needs. Before acting on this information, you should consider its appropriateness having regard to your objectives, financial situation and needs. A copy of TWUSUPER’s current Product Disclosure Statement should be obtained from us (by calling 1800 222 071 or visiting twusuper.com.au) and considered carefully before you make a decision in connection with TWUSUPER. TWU Nominees Pty Ltd ABN 67 002 835 412, AFSL 239163, is the trustee of TWUSUPER ABN 77 343 563 307 and the issuer of interests in it. Transuper and TransPersonal are divisions of TWUSUPER.