The suite of superannuation taxation reforms affecting contributions, CGT relief and transition to retirement income streams have passed through Parliament.

Revenue and Financial Services Minister Kelly O’Dwyer said the amendments under the Treasury Laws Amendment (2017 Measures No. 2) Bill will “improve the fairness, sustainability, and flexibility of the superannuation system.”

The amendments ensure superannuation tax concessions are well targeted and affordable; allows people to save for retirement; and supports retirement incomes – not merely for tax minimisation or estate planning purposes, the Bill said.

Among the reforms is a relaxation in rules around transition to retirement income streams strictly being in the retirement phase….

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