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Hostplus - 2020 Federal Budget recap

Friday 09, Oct 2020

On Tuesday night, the Treasurer, Josh Frydenberg, handed down a historic Federal Budget. The central theme of this year’s Budget is creating jobs, rebuilding our COVID-19 impacted economy and introducing measures designed to stimulate business investment and consumer spending

The Government has announced that it will spend $159.6 million over the next four years to implement a number of reforms to the superannuation system that it claims will collectively save fund members $18 billion in fees and other costs between now and 2030. The Government’s super reforms, broadly labelled as the Your Future, Your Super package has four key elements. To find out more click here.