Changes to your superannuation
Superannuation changes effective 1 July 2023
Access articles and tools to help you get the most out of your super fund.
Superannuation changes effective 1 July 2023
If you have reached the eligible age you may be able to contribute up to $300,000 to your superannuation fund from the proceeds of the sale of your home. As of 1 January 2023, the age requirement to be eligible to make a downsizer contribution has dropped to 55.
In March 2020, the government allowed early access to superannuation savings for people affected by Coronavirus (COVID-19). Individuals were able to access $10,000 before 1 July 2020 and another $10,000 between 1 July 2020 and 31 December 2020.
Things you might want to think about when considering how much super you need to retire, including: What are your lifestyle expectations in retirement? When do you want to retire? What are your sources of income?
A description of asset classes that are typically available through your super fund, including cash, fixed income, shares, property & infrastructure and alternatives.
Considerations of the risk and return characteristics of superannuation investments.
Figure out how much super you need to retire in comfort.
Estimate your super balance at retirement.
Find out the income you’ll get from an account-based pension from super.
Work out how much insurance cover you need.