Plum welcomes super changes
Mike Fitzsimons
Plum Financial Services has embarked on an extensive campaign to educate its members about the Government’s Simplified Superannuation legislation, which Plum managing director Mike Fitzsimons believes will bring about a positive change for Australia.
“We think the changes are so important that over recent months we have dedicated thousands of work hours towards developing communications and ensuring Plum is ready for the changes,” Fitzsimons said.
Speaking at the Sydney leg of the campaign this morning, Fitzsimons said the Government’s changes were designed to encourage people to stay in the workforce longer, thus addressing the risk of a skills shortage epidemic as the baby boomers retired.
“Effectively the changes mean people can now stay in the workplace for as long as they like without having to realise their superannuation savings,” he said.
He went on to list some of the key questions Australians should consider in light of the changes:
“Should you take advantage of the opportunity to make undeducted contributions to superannuation up to $1 million before July 1, 2007?”
“Have you provided your super fund with your Tax File Number?”
“If you are thinking of retiring, are there any advantages in waiting a little longer, or perhaps bring forward your retirement?”
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