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Federal Budget 2015-16

Wednesday, 13 May 2015

This year’s Federal Budget included very few proposed changes to superannuation including:

Relaxing the criteria for release of superannuation for terminal illness
Making it easier to reunite with lost and unclaimed super
Changes to Age Pension asset test

See how these changes may affect you.

Fact sheet for Federal Budget 2015/16

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We acknowledge the Traditional Owners of Country throughout Australia. We also pay our respects to Elders past and present.

We acknowledge the ongoing connection that Aboriginal and Torres Strait Islander peoples have to this land and recognise them as the original custodians of this land.

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This website is provided by Retail Employees Superannuation Pty Limited ABN 39 001 987 739, AFSL 24 0003 (Rest), as trustee of the Retail Employees Superannuation Trust ABN 62 653 671 394 (Fund), of which Rest Super, Rest Corporate and Rest Pension are part. This website contains information which may include general advice but does not take into account your individual objectives, financial situation or needs. Before acting on the information or deciding whether to acquire or hold a product, consider its appropriateness, our Financial Services Guide, the relevant Product Disclosure Statement (PDS) and the Target Market Determination (TMD).

Rest Advice is provided by MUFG Retire360 Pty Limited ABN 36 105 811 836, AFSL 258145 (Retire360). It consists of advice provided by Rest Advisers who are authorised representatives of Retire360 and Digital Advice (Contributions Optimiser, Retirement Health Check and Investment Choice Solution). Rest members can access Rest Advice without incurring additional fees for simple financial advice about their Rest account. An additional fee is payable for complex advice. We will inform you about any additional fees before the advice is given. Refer to the Rest Advice and Retire360 Financial Services Guide for further information.

Super Investment Management Pty Limited ABN 86 079 706 657, AFSL 240004, a wholly owned company of Rest, manages some of the Fund's investments. Apart from this, Rest does not have any relationships or associations with any related body corporate or product issuer that might reasonably be expected to be capable of influencing any advice provided by Rest in providing financial services.

Past performance is not an indicator of future performance. Awards and ratings are only one factor to consider when deciding how to invest your super. Further information regarding Rest’s awards can be found at rest.com.au/about-rest/awards. SuperRatings Pty Limited does not issue, sell, guarantee or underwrite this product. Go to superratings.com.au for details of its ratings criteria. For further information about the methodology used by Chant West, see www.chantwest.com.au.