Federal Treasurer Wayne Swan has handed down a conservative Budget, promising
to return it to surplus in 2012–13. The Budget focuses on building Australia’s
workforce and limiting spending in a number of key areas. We take a look at how
the hanges to superannuation, taxation and social security benefits may affect you.

Proposed changes include:

• Relief for unintentional breaches of contribution cap rules;
• Higher pre-tax contribution caps for those at age 50 ;
• Reduced minimum payments for account-based pensions;
• Government co-contribution income thresholds;
• Reporting of employer contributions on payslips;
• Lower income earners to receive a boost to their
  pay packet;
• Removal of Entrepreneurs Tax Offset;
• Dependent spouse tax offset to be phased out for
  those under 40;
• Disability support pension changes;

Click here to download the fact file [PDF] or if you have any questions then speak to Rebecca Newton on 08 6201 5755 and let Prestige Wealth Partners help you maximise your superannuation opportunities.