Key superannuation policy comparisons for the Coalition and Labor leading up to the May 19 election
Over recent weeks and months, we have been inundated with policy announcements, proposals and Budget measures from both major political parties in Australia. The table in the article that can be found in the link below aims to compare the current ‘thinking’ by the Coalition and Labor parties relating to superannuation and tax.
In this uncertain time, it’s important to remember that the many proposals and policies being highlighted in the media are just that – proposals.
If maximising super contributions is the best option to meet your goals, then taking advantage of a $100,000 non-concessional cap now may be appropriate, however making such a contribution ‘just in case’ the cap reduces where other strategy options are more appropriate is not valid
May 19 Election Superannuation Policy Comparison Coalition vs Labor
Contact us here if you would like to discuss this, your superannuation or your retirement planning further.
