Three potential wins for women in super

Despite widespread attacks on the Federal Budget, new changes that will help women accumulate super are worth checking out.

Summary: The 2016 budget proposes a number of changes to address the super gap for Australian women, low income earners and those on career breaks - this includes the ability to rollover unused concessional caps, tax offsets for low income earners and those contributing to a low income spouse's account, and the ability to make concessional contributions between 65-74 without a work test.

Key take out: Talk with a financial adviser and use online tools available to establish what a career break will affect final super balance in the long run.

Key beneficiaries: General investors. Category: Superannuation.



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