If you’ve been tracking the evolving world of legacy retirement products and their interaction with social security assessments, a key piece of the puzzle has just landed—the Social Security (Waiver of Debts – Legacy Product Conversions) Specification 2025. Released on 28 March 2025, this legislative instrument seeks to resolve an otherwise awkward policy conflict that…
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FOR IMMEDIATE RELEASE Smarter SMSF Launches New Legacy Pension Hub to Assist with Regulatory Changes Smarter SMSF is pleased to announce the launch of its new Legacy Pension Hub, designed to assist professionals in navigating the recent regulations regarding the exit of certain retirement legacy products. The Legacy Pension Hub, integrated into the Smarter SMSF…
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Maintaining your knowledge and ongoing CPD/CPE hours is the most significant challenge for SMSF practitioners in today’s dynamic landscape. Legislation is constantly evolving, and so is regulatory change. For SMSF professionals, this requires timely comprehension of these issues and strategies to ensure the delivery of relevant and timely insights and opportunities for SMSF clients. As…
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In August 2015, over dinner and a few beers with Andy O’Meagher (Act2 Solutions) whilst travelling around Australia for BGL’s product updates (now RegTech), the seed of an idea was planted. We were discussing the SMSF landscape, and amidst the lively conversation, a vision began to form — what if there were an event that…
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As an early Christmas present and unexpected result for the Industry, Treasury Laws Amendment (Legacy Retirement Product Commutations and Reserves) Regulations 2024 were registered on the Federal Register of Legislation on 6 December 2024. In a nutshell it allows for the conversion of SMSF legacy pensions – complying lifetime, life expectancy (fixed term) and market…
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