Like many things during 2020, our SMSF Day events around Australia were postponed due to COVID-19. After a few months of deliberation about whether we would hold these events, it became clear that we needed to pivot to a virtual event. What followed in November last year was a hugely successful SMSF Virtual Day. In…
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It was great to kick-off our training for 2021, with CEO, Aaron Dunn sharing his top 5 key insights that practitioners need to be turning their heads to throughout 2021. After a tumultuous 2020, there remains a number of unresolved technical items impacting the SMSF sector, in addition to a number of areas of significant…
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With CPI having increased by 0.9% for the December 2020 quarter, we have seen the CPI figure move to 117.2, above the required figure of 116.9 for indexation to apply in respect to the transfer balance cap. This means that from 1 July 2021, the general transfer balance cap (‘general cap’) increases from $1.6 million…
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As part of the Government’s Mid Year Economic & Fiscal Outlook (MYEFO) released in December 2020, we have seen a proposed measure announced to amend the law to enable market linked pensions and defined benefit pensions to undertake a partial commutation of amounts in excess of the member’s transfer balance cap. https://budget.gov.au/2020-21/content/myefo/download/myefo-2020-21.pdf (refer to page…
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This time of year is always worth reflecting on what the team at Smarter SMSF has been able to achieve, and without question 2020 will be remembered in more ways than one. With the team having moved to working from home (WFH) in late March 2020, the achievements this year have been even more remarkable. …
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