Super reforms are nearly here - are your clients ready?

As 1 July 2017 fast approaches you’ll no doubt be very busy helping your clients prepare for the super reforms. Some of the key changes are:

  • Concessional and non-concessional contribution caps are being lowered
  • Transition to retirement income streams are no longer tax exempt
  • A new cap of $1.6 million on assets held in pension phase

To help you get the information and resources needed to successfully navigate the reforms we’ve created an online super reforms site

Two resources on the site you may find particularly useful are the super reform checklist and the more detailed technical guide to the super reforms. These resources provide the overview and the detail you need to maximise the opportunities available to your clients in the lead-up to 1 July 2017.

We’ve also created a client-friendly factsheet designed to help your clients understand some of the key changes.

If you can’t find what you need on the super reforms site, please contact your Client Solutions Manager or Workplace Solutions Manager so we can assist you with these important super reforms.

The information contained in this newsletter is provided on behalf of the IOOF group of companies and is intended for financial adviser use only. It is given in good faith and has been prepared based on information that is believed to be accurate and reliable at the time of publication. Any examples are for illustration purposes only and are based on the continuance of present laws and our interpretation of them at the time.