Funds Focus

Summary & Key Highlights
The headline grabbers in this budget have been the First Home Super Saver Scheme, and allowing individuals over the age of 65 to contribute up to $300,000 from downsizing their principal residence into super.

The Government has devised a new strategy to allowing super contributions to be used as a deposit for first time home-buyers. From 1 July 2017, first home buyers will be able to make voluntary contributions to super – including salary sacrifice and

Fun for the Melbourne Cup. Each year, Macquarie, Morgans and PWC analysts roll out of the bean pits to use their skills towards unravelling the mysteries of the Melbourne Cup.

Macquarie have offered the most detailed and consistent analysis with Morgans coming a close second and PWC winning the prize for the prettiest charts and website.

We expected great things from BT Fixed Income team, who unfortunately failed to deliver. They’ve thrown in the towel for this year, but a quick chat with

The Budget made some significant changes to Superannuation. This month saw the Government announce further changes. We have provided some clarification on the implications

The $1.6 million pension cap
Lifetime non-concessional contributions cap of $500,000 Replaced with a reduced Non Concessional Contribution Limit
Reduction in Concessional Contributions cap to $25,000
Catch up concessional contributions
Tax deductible personal contributions
$300,000 threshold for higher