Budget 2021: Everything you need to know about changes to superannuation

Budget 2021: Everything you need to know about changes to superannuation
Source: Unsplash/Adam Winger.
The federal budget included help for low-income earners, first-home buyers and downsizers, but made no mention of the superannuation guarantee.
Here’s everything you need to know.
$450 threshold
The best superannuation news in the budget was aimed at the 300,000 Australians who are in work but receive no super.
The Treasurer announced that the $450-a-month income threshold below which employers do not have to pay super would be scrapped before the end of the next financial year.
Women in Super CEO Sandra Buckley said “this is a reform that we have been advocating for a long time”.

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