Rolling Out Tax Reform

• 2015
  • Applying normal Age Pension deeming arrangements to new superannuation account-based income streams
  • Increasing the Superannuation Guarantee rate from 9.5 per cent to 10 per cent
  • Increasing the threshold for lost super accounts to be transferred to the ATO to $2,500
• 2016
  • Introducing non-resident CGT non-final withholding tax
  • Increasing the Superannuation Guarantee rate from 10 per cent to 10.5 per cent
  • Increasing the threshold for lost super accounts to be transferred to the ATO to $3,000
• 2017
  • Increasing the Age Pension qualifying age from 65 to 65.5
  • Increasing the Superannuation Guarantee rate from 10.5 per cent to 11 per cent
• 2018
  • Increasing the Superannuation Guarantee rate from 11 per cent to 11.5 per cent
• 2019
  • Increasing the Age Pension qualifying age from 65.5 to 66
  • Increasing the Superannuation Guarantee rate from 11.5 per cent to 12 per cent
• 2021
  • Increasing the Age Pension qualifying age from 66 to 66.5
• 2023
  • Increasing the Age Pension qualifying age from 66.5 to 67