SMSF COVID-19 UPDATES

SMSF COVID-19 UPDATES

SMSF COVID-19 UPDATES Due to the economic fallout and market volatility created by the Coronavirus, the Australian Government and the ATO have each separately announced various measures designed to help retirees navigate this new financial landscape. Some law changes...
Minimum pension payment planning

Minimum pension payment planning

Minimum pension payment planning The Government has halved the minimum pension payment obligation for the 2020 and 2021 income years. This lower pension payment obligation makes it more likely that individuals will draw down pension capital above the minimum (e.g., to...
Super contribution changes 2020

Super contribution changes 2020

Super contribution changes 2020 In a win for retirees, recent Government law changes now make it easier for retirees to contribute super for both themselves and their spouse. Retirees able to contribute more under work test changes Traditionally, individuals aged 65...
ATO Early Release Of Super

ATO Early Release Of Super

ATO Early Release Of Super In light of the financial hardship being experienced by many Australians during the Coronavirus pandemic, the Government has extended early access of superannuation until December 2020. However, the ATO has expressed concern regarding...
Updating Your SMSF Trust Deed

Updating Your SMSF Trust Deed

Updating Your SMSF Trust Deed It is important to have a robust and up-to-date trust deed for your SMSF. Over the years there have been many changes to government requirements around how SMSFs are managed. Whenever the government make changes to SMSF regulations or...