‘Work test’ for those aged 67 to 74 – gone but not forgotten
Accumulation & contributions
Changes were made from the 2022-23 financial year which makes it easier for a person aged 67 to 74 to make a personal superannuation contribution. Prior to the 2022-23 financial year, a person aged 67 to 74 would need to either satisfy the ‘work test’ or the ‘work test’ exemption for their superannuation fund to be able to accept their contribution. From the 2022-23 financial year, this no longer applies, allowing the member’s superannuation fund to accept a contribution from themselves without apply these tests....
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