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.


Disclaimer

This information is provided by Accurium Pty Limited ABN 13 009 492 219 (Accurium). It is factual information only and is not intended to be financial product advice, legal advice or tax advice, and should not be relied upon as such. The information is general in nature and may omit detail that could be significant to your particular circumstances. The information is provided in good faith and derived from sources believed to be accurate and current at the date of publication. While all care has been taken to ensure the information is correct at the time of publishing, superannuation and tax legislation can change from time to time and Accurium is not liable for any loss arising from reliance on this information, including reliance on information that is no longer current. We recommend that you seek appropriate professional advice before making any financial decisions.