Last night, the Government delivered the 2016-17 Federal Budget, its last before a looming double dissolution election. Superannuation was a key focus of the Budget with the Government’s superannuation package being the most significant changes to superannuation since Peter Costello’s Simpler Super package was announced in the 2006-07 Budget, netting it approximately $2.9 billion over the forward estimate period. Substantial changes were made to contributions, transition to retirement and the retirement phase.
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