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Federal budget 2018: super tweaks you need to know about

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There was relief all round that there were no big changes to superannuation in the federal budget. But this doesn't mean you don't need to take a close look at all the "mini measures" and how they would affect you.

Some will bring good news all round – like the proposal for high earners to nominate just one employer for compulsory super so they don't breach the super contribution caps. But others – including the increased number of members in a self-managed super fund (SMSF) and closing inactive super funds – may bring mixed blessings.

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Joanna Mather joined the AFR as an education reporter in 2008. She spent four years in the Canberra press gallery before becoming superannuation reporter in 2016, deputy news director in 2021 and wealth editor in 2023. Connect with Joanna on Twitter. Email Joanna at jmather@afr.com
Debra Cleveland is based in our Sydney newsroom and writes on personal finance. Connect with Debra on Twitter. Email Debra at dcleveland@afr.com

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    Original URL: https://www.afr.com/policy/economy/federal-budget-2018-super-tweaks-you-need-to-know-about-20180510-h0zw46