The government has announced today (22 March) the second round of measures as part of its economic response to the coronavirus. This includes a range of measures that have a direct impact on superannuation, which includes: Temporary early release of superannuation Temporarily reducing super minimum pension drawdown rates Reducing social security deeming rates This blog…
It has certainly been a year of two halves for the SMSF sector… Up until the Federal election in May, the focus of the SMSF industry was around the potential impact of Labor’s proposed super measures, in particular the inequitable reforms to franking credits which specifically targeted SMSFs. With Labor snatching defeat from the jaws…
Just like in Star Wars IV (actually, it was the first episode in the series made back in 1977), the Coalition Government in winning the Federal election has provided a ‘new hope’ for the SMSF industry. There was genuine concern about just what impact a Labor Government would have had for the sector, given that…
With a federal election not far away and the Government now in ‘caretaker mode’, any outstanding Bills within Parliament have now dissolved. Given the level of activity over the past six months or more, it would be very easy to be confused about what has become law and what actually didn’t make. Therefore, we’ve provided…
The federal budget wasn’t expected to be overflowing with changes to superannuation and yet the outcome delivered by the Treasurer, Josh Frydenberg confirmed this to be the case. We had already seen the Government announce a measure from 1 July 2020 to boost the ability for members aged 65 and 66 to be able to…
