By Greg Dawes

With everything going on in the world today, it might have escaped your attention that the age at which the superannuation work test applies has been increased from age 65 to age 67 as at 1st July 2020. This means clients aged 65 and 66 who might have been excluded from contributing to super may have an opportunity to increase their superannuation savings.

The BT Technical team have summarised and explored the changes in the following article:

https://www.bt.com.au/professional/knowledge-centre/client-strategies/smsf-strategies/changes-to-superannuation-work-test-age.html#:~:text=Increasing%20the%20age%20at%20which%20the%20superannuation%20work,contributions%20without%20needing%20to%20meet%20the%20work%20test1.

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