The effects of Scott Morrisons game changing budget will include drastic changes to superannuation which will force high-income earners to change their savings strategies. The proposed changes also include a lifetime limit on after-tax contributions, a limit on the amount of money that can be transferred into tax-free private pensions and the watering down of transition to retirement arrangements.  

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email [email protected] or visit www.hewison.com.auPlease note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.