Work Test changes

Last year (2021) the Federal Budget had announced positive changes for individuals aged between 67 to 74 years to make contributions to superannuation.  These changes are to allow this age group to make non concessional and salary sacrificed contributions to superannuation (subject to cap limits), without having to meet the work test.

This measure has now been passed and we can expect these changes to start 1 July 2022.  

If you are 67 or over and would like to make further contributions to super please contact us for more information.

More information can be found on the Treasury website.