Wind-ups of SMSFs fell to previously unseen lows in the 2020 financial year, resulting in a much higher number of net establishments compared to 2019, the ATO’s latest statistics reveal.

Chartered Accountants Australia and New Zealand (CAANZ) has welcomed last night’s federal budget superannuation reforms, which will ensure Australians keep their super fund when they change employer and up-end the default fund regime. The accounting body said the “unexpectedly significant” Your Future, Your Super package, due to commence on 1 July 2021, would end the […]

New superannuation reforms will stop unintended multiple accounts being created by ensuring members can keep their fund when changing employers.