Financial Standard Comments - Super changes about sustainability: O'Dwyer The Turnbull government is committed to making the superannuation system more sustainable and flexible over the years ahead, and the superannuation changes will deliver this, says Assistant Treasurer Kelly O'Dwyer. https://www.financialstandard.com.au/feed/latest?story=83542265 Fri, 27 May 2016 17:31:51 +1000 Fri, 27 May 2016 17:31:51 +1000 en-AU Copyright 2026 Financial Standard 5 Comment by Steve Blizard (ROXBURGH SECURITIES) The combination of the 1 Jan 2017 Centrelink taper for the asset test, plus the $500,000 lifetime non-concessional super cap sends a clear message that the Govt wants to penalise retirement saving, or simply make it more difficult. So many people won't, therefore, get ready for a massive blowout in the Centrelink Age Pension over the next decade once couples get to work rearranging their financial affairs to collect the full age pension, rather than just receiving a partial age pension that will end on 31 Dec 2016.

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]]> Steve Blizard (ROXBURGH SECURITIES) Fri, 27 May 2016 17:31:51 +1000