Federal Budget report 2017-18 | Accurium

Government confirms role of actuarial certificates

On Tuesday 9 May 2017 the Treasurer, Scott Morrison, released the Government’s 2017-18 Budget.  

After substantial changes affecting both pre and post retiree clients in recent Budgets, including the changes to superannuation and income streams announced in the 2016-17 Budget effective from 1 July 2017, the Budget this year appears less likely to significantly impact SMSF clients. That said there are, as always, plenty of changes announced that will require your consideration and present new opportunities, including increased flexibility in superannuation contributions and income streams for those downsizing their home.

It is important to note that before any of these announcements can be implemented they will require the passage of legislation and they may be subject to change.