2022 Federal Budget treads lightly on super
Focus on cost of living sees super largely untouched this year
It was a quiet budget for super this year, as the Federal Government focused on offsetting the rising cost of living in the lead-up to the federal election. A halving of the fuel excise, and one off payments to some Australians were among the measures announced.
A Budget of rebuild, recovery, and resilience
This year’s Budget is about easing the cost-of-living pressures on families.
This year’s Budget is set against a background of higher living costs, a looming federal election, and international security tensions.
Now save even more for your first home
Superannuation rules boosted to help you save for a bigger deposit through your super.
Turbocharge your super from 60
More downsizers will be able to retire with more by using the sale of their home to fund their retirement.