In this episode of Virtually Live, Charity Bru and Zeynep Mangaloglu cover the changes from last year's 2021 Annual Federal Budget that were recently passed in parliament and made law. Many of these changes come into effect as of 1 July 2022.
In this week’s show
- Reduction in the eligibility age for downsizer contributions.
- Removal of the work test for voluntary super contributions.
- Increase of super guarantee.
- Removal of $450 a month wage threshold.
- First Home Super Saver Scheme maximum release amount increase.
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New Educational Videos
Members should also watch out for the first of a new series of educational videos that Rivkin plans on producing. These videos will be 3 to-6 minutes in length. We don’t want to inundate members with emails, so you can opt in to receive emails when they are released or you can simply see them on the website. The first one is discussing the opening and closing rotations on the ASX and can be found through HERE.
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