This year’s federal budget was silent on superannuation except for the government announcing – days earlier – that it was extending the 50 per cent “temporary” reduction in minimum pension drawdown rates for another year – good news for retirees not needing income to live off from their account-based pensions and similar income streams, as it means they can retain more in super’s tax-exempt environment for longer.

But last year’s budget was different – it contained many important changes to super and all but two of those proposals have been legislated.