Whilst much of the media attention focuses on the Senate finalising the ‘Your Future, Your Super’ bill (after a number of amendments), we have seen today as part of the same Senate sitting, two other superannuation-related Bills that have finally been passed. These Bills, having been in ‘limbo’ for some time are: Treasury Laws Amendment…
The Government announced a number of measures in this year’s Federal Budget that were generally positive news for the SMSF sector. Like many announcements, there is naturally more ‘devil in the detail’ when it comes to these measures being released by Treasury as an exposure draft for consultation. Recently, the SMSF Association has sought clarity…
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…
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:…
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…