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Prospero Financial Planning

Home
THE PROSPERO TREE
Spend Less, Save More
Pay Off My Debts
Protect My Future
Be Smart With My Super
Plan For Retirement
Leave a Legacy
Our Process
Testimonials
Articles
Our Team
Contact
Prospero Financial Planning
May 9, 2019
ASIC

Protecting your super changes

Prospero Financial Planning
May 9, 2019
ASIC

From 1 July 2019, new arrangements to protect your super balance from erosion by inappropriate insurance and fees will apply.

The key points are as follow :

  • cancellation of insurance

  • no exit fees

  • fee limit on low-balance accounts

  • inactive account transfers to ATO

Read more

Source:https://www.moneysmart.gov.au/superannuation-and-retirement/is-your-super-on-target?

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