The Federal Budget did little to quell the dissatisfaction with the earnings calculation proposed by the Government in their original ‘Better targeted superannuation concessions’ Fact Sheet and Consultation Paper. We have discussed these in details previously, with a comprehensive overview of the announcement, fact sheet and consultation paper in our previous blog posts that discuss…
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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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The Federal Government appears to have made good on their previous election commitment to increase the number of members to a maximum of 6 within a SMSF. We have seen Treasury Laws Amendment (Self Managed Superannuation Funds) Bill 2020 introduced into the House of Representatives and moved swiftly in the Senate where it is more…
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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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