Senator Jane Hume has confirmed there will be no adverse changes to superannuation contribution limits or the Government’s contribution flexibility measures.
Hume was contacted by Geoff Wilson, founder of Wilson Asset Management, who wrote a letter to both parties to confirm there would be no changes to super.
In her response on behalf of the Government, Hume said there would be no new or increased taxes on superannuation. There would also be no adverse changes to contribution limits, and no changes to the government's contribution flexibility measures.
There would also not be any adverse changes to:
Wilson said he was still waiting for a response from the Australian Labor Party.
Australia’s second-largest super fund has confirmed it is expanding its presence in the UK following significant investment in the region.
A member of the super fund has approached ASIC to investigate potentially misleading or deceptive representations by UniSuper regarding the holdings of its sustainable portfolios.
The median growth fund delivered 1.9 per cent in March, adding to the “stunning” rally that has seen super funds gain 11 per cent since November.
Vanguard has affirmed its support for the current super performance test, emphasising the importance of keeping the process straightforward.
Add new comment