NEWS

1 July 2019 Superannuation Changes

In February 2019, a number of laws were passed through Parliament that will see changes to superannuation in the coming year.  The changes are due to commence from 1 July 2019. These reforms join other recent changes first proposed in the 2018/19 Federal Budget. The

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Budget 2018 Superannuation Changes

  The Government has not made any major changes to Superannuation in the 2018 budget but there are still some minor tweaks to be aware of: 12 Month work test exemption for certain members over 65 Maximum SMSF Members to be increased from 4 to 6

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ATO release details on Event Based Reporting

The Australian Tax office has has substantially softened a highly controversial ‘events-based’ reporting proposal after consultation with industry bodies. The below is a edited summary of the ATO release From 1 July 2018: •  SMSFs with members with a total super balance of less than $1

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Changes to Segregated Pension Assets and Actuarial Certificates

Key points Significant impact to Exempt Pension Income Calculation (ECPI) Increased reporting and administration requirements Additional importance of pension minutes and documentation to ensure compliance Who does it affect? Funds that change to, or from 100% Pension during the year. Eg 100% accumulation fund converts

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Budget 2017 Superannuation Changes

Government delivers stability in 2017-18 Federal Budget Stability and confidence for superannuation is the good news coming out of the 2017-18 Federal Budget. With SMSF members still working through the wide-reaching and complex superannuation changes of the last Budget which take effect from 1 July

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