Reading time: Federal Budget 2022
30 March 2022
There were no changes to super in the Federal Budget 2022/23 except the already-announced extension of the minimum drawdown requirements for account-based pensions (such as the Retirement Super Pension and the Pre-retirement Super Pension) until 1 July 2023.
Don't forget about the concessional contribution caps for 2021/22
16 February 2022
'Concessional' contributions refer to any contributions you make to super before tax. The Government limits the amount of concessional contributions you can make – for most people, the cap for the 2021/22 financial year is $27,500.
Changes to default super
20 October 2021
The way you pay new employees their super will change from 1 November 2021 under the government's new 'stapling' provisions.
Proposed merger not proceeding
Updated: 14 October 2021
In April 2021, TWUSUPER announced the start of merger discussions with EISS Super.
TWUSUPER entered into these discussions with a view that members of both funds would benefit from greater scale. We also felt that EISS Super members would benefit from TWUSUPER’s superior investment performance.
Following a period of extensive due diligence, TWUSUPER has decided to not proceed with the merger at this time.
Any merger must be in members’ best interests. TWUSUPER is now pursuing other growth options.
Our investment menu just got better
Updated: 14 October 2021
TWUSUPER’s investment menu just got a whole lot better, with the addition of two new investment options – Conservative and Moderate.