Plum welcomes added certainty over the future of the Government's Simplified Super changes

2 May 2007

Plum Financial Services Managing Director Mike Fitzsimons has welcomed Labor's commitment to the current Government's Simplified Super changes at a Plum client event held today, 2 May 2007.

Speaking to a crowd of Plum guests in Sydney, Mr Fitzsimons remarked that as Plum entered its 10th year of business, the changes were the most sweeping and comprehensive he had seen in the super industry.

'With just two months to go, it is great to hear Opposition Leader Kevin Rudd commit his government to the changes, so if either of the major parties win the next election, people will have some certainty that the changes are here to stay,' Mr Fitzsimons

Mr Fitzsimons outlined the extensive communication campaign Plum Financial Services is conducting for the Federal Budget changes, in an effort to ensure all members have the best possible chance of taking advantage of the changes.

'Having some certainty that the changes are here to stay will help people consider their options in the next few months and make some decisions as to how they will respond to them,' Mr Fitzsimons said.

He outlined some of the major changes and opportunities open to people.

'Depending on your circumstances, some of the questions Australians should be considering are:

• Should you take advantage of the opportunity to make undeducted contributions to superannuation up to $1 million before 1 July 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?'

Mr Fitzsimons outlined Plum's member engagement campaign, saying it was one of the most comprehensive Plum had ever undertaken.

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