As outlined in our previous blog post, Treasury has finally released for consultation an exposure draft that proposes to effect two changes in respect to the exempt current pension income (ECPI) rules for the 2021-22 financial year: Removing the current unnecessary requirement to obtain an actuarial certificate to determine ECPI where 100% of the fund’s…
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It’s been long awaited, but Treasury has finally released for consultation an exposure draft that proposes to effect two changes in respect to the exempt current pension income (ECPI) rules for the 2021-22 financial year: Removing the current unnecessary requirement to obtain an actuarial certificate to determine ECPI where 100% of the fund’s assets are…
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In our wrap-up blog post, ‘how SMSFs fared in the Federal Budget 2021‘ we explored the various measures announced by the Federal Treasurer that impact superannuation and SMSFs. As a follow-up, Smarter SMSF hosted a webinar on these proposed budget measures on Friday, 14 May 2021. You can watch the recording of this session below:…
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Over the past few years, the Federal Budget has remained relatively quiet on the superannuation (and SMSFs) front, mostly due to the Government’s election commitment to not tinker further with super. In this budget, we have seen the Government announce a number of proposed super measures – importantly, all positive that create greater flexibility with…
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The ability to make downsizer contributions has been growing in popularity, with an opportunity to utilise these contributions to not only top-up existing super accounts, but to also use as part of a recontribution strategy to improve an individual’s tax-free and taxable components. We have seen in a pre-cursor to the Federal Budget, an announcement…
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