Federal budget 2019 to soften superannuation rules for over 65s

Proposal to allow voluntary super contributions without meeting the current work test comes as Coalition tries to court older voters

The Morrison government will use Tuesday’s budget to allow 65 and 66 year olds to make voluntary superannuation contributions without meeting the current work test.

The proposal, to take effect from 2020-21, is part of the government’s efforts to court older voters ahead of the looming federal election, and potentially benefits 55,000 people.

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from The Guardian https://ift.tt/2uDvqSM
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