Australians aged 65 and 66 will be able to make voluntary superannuation contributions without meeting the work test from mid-2020, under a plan to be unveiled in Tuesday's federal budget.
Currently, they can only make voluntary concessional and non-concessional contributions if they work a minimum of 40 hours over a 30-day period.
This will align the work test with the eligibility age for the age pension, which is scheduled to reach 67 from July 1, 2023.
About 55,000 people will benefit from the change.
As well, the government plans to increase the age limit for spouse contributions from 69 to 74 years.
Currently, those aged 70 years and over cannot receive contributions made by another person on their behalf.
Treasurer Josh Frydenberg said on top of the changes, the government would extend access to the bring-forward arrangements, which currently allow those aged less than 65 years to make three years' worth of non-concessional contributions, which are capped at $100,000 a year, to their super in a single year.
This will now be extended to those aged 65 and 66.
