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Explain the following changes in superannuation Legislation that is to take effect from 1 July 2022? Removal of the $450 threshold for super contributions Expansion

Explain the following changes in superannuation Legislation that is to take effect from 1 July 2022?

  • Removal of the $450 threshold for super contributions
  • Expansion of the First Home Super Saver Scheme
  • Abolishing the work test for retirees
  • Expansion of the Downsizer Scheme

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