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...
Super Re-contribution Strategies

Super Re-contribution Strategies

Super Re-contribution Strategies As of June 2017, SMSFs (Self Managed Super Funds) are responsible for the largest portion of super funds in Australia. As of March 2017, there were approximately 1.13 million SMSF trustees running well over half a million (596,516)...
How to find lost super

How to find lost super

How to find lost super One of the most common things we hear is that someone has lost their super – in other words, they have superannuation accounts that they no longer remember or have the details of and no longer contribute to. This is a common occurrence in...