Superannuation Guarantee (SG) requires employer to pay a minimum level of super support for eligible employees. One criteria for an employee to be eligible is based on that employee’s monthly earnings being at least $450 per month. However, this threshold is abolished from 1 July 2022.

From 1 July 2022, if you’re a first home buyer you can release up to $50,000 (up from $30,000) from your voluntary super contributions to help you buy your first home. Under the scheme, voluntary concessional and non concessional contributions made on or after 1 July 2017 may be released from super to help you purchase your first home. 

The unexpected events of the past few years, have made financial protection a front of mind matter for most Australians. Now more than ever we appreciate that life does not always go the way we plan. Having a plan in place if things do take an unexpected turn can mean that our health, lifestyle and family are better protected.

Create your own personalised Wealth Report in just 15 minutes and unlock the answers.

Create your own personalised Wealth Report in just 15 minutes and unlock the answers.

Create your own personalised Wealth Report in just 15 minutes and unlock the answers.

Create your own personalised Wealth Report in just 15 minutes and unlock the answers.

Create your own personalised Wealth Report in just 15 minutes and unlock the answers.