The 2021-22 Budget is giving older Australians, including self-funded retirees, greater flexibility to contribute to their superannuation and access their housing wealth if they choose to by:
- Repealing the work test for voluntary non-concessional and salary sacrificed superannuation contributions for those aged 67 to 74
- Improving the Pension Loans Scheme
- Extending access to downsizer contributions
- Giving older Australians the choice to move out of legacy retirement products.
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