Whilst there had been a lot of ‘talk’ about potential changes to superannuation in Labor’s version of the Federal Budget for 2022-23, the actual outcome was minimal in respect to changes impacting the SMSF sector. It’s not to say that Labor doesn’t necessarily foresee changes to superannuation, but the likelihood is that they have…
DetailsIn this month’s update: Latest news including Commissioner’s release of Law Companion Guidelines regarding the operation of the superannuation measures (0:00 – 4:00); New features with Campus platform including new SMSF documents page, Class super integration, improvements to Simple Fund 360 integration and single-sign on (SSO) access to the SMSFY17 course via the membership area…
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The Australian Taxation Office (ATO) has recently provided updated guidance on their website regarding the cashing requirements as a reversionary pension from a death benefit. In particular, this update provides some ‘concession’ for beneficiaries where for some reason the minimum pension is failed during an income year. Where the minimum pension has not been met…
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Currently the SIS Regulations allows for all super funds, other than SMSFs to provide data to regulators and transfer payments between funds using the secure electronic payment and data verification system known as SuperStream. For SMSFs currently, it requires the processing of rollovers manually and often involve multiple interactions between the SMSF member at current…
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We know that many professionals are still working through volumes of work for their clients impacted by COVID-19. We know this because we can see the number of documents that are being generated around early release of super, rent relief and more. So, to help keep everyone going, we have decided to extend…
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