Andrew Albury and Brad Hoffman discuss the key superannuation announcements made by the Federal Government on 11 May including repealing the work test, extending access to downsizer contributions, legacy product conversions, relaxing residency requirements for SMSFs, and the removal of the $450 minimum monthly wage exemption for Superannuation Guarantee.

Andrew Albury and Brad Hoffman are Representatives of MGD Wealth Ltd AFSL No. 222600.

The information in this presentation is current as at 13 May 2021.

This video contains information regarding taxation and legislative change, which is based on policy announcements that are yet to be passed as legislation and may be subject to future change.

Any advice included in this video is general and has been prepared without taking into account your objectives, financial situation or needs. As such, you should consider its appropriateness having regard to these factors before acting on it. Before you make any decision about whether to acquire a certain financial product, you should obtain and read the relevant product disclosure statement. Any tax information in this video refers to current laws, is not based on your unique circumstances and should not be relied on as tax advice.