News : Superannuation

ATO, Superannuation

ATO offers interim six-member solution

ATO six-member funds

The ATO has been forced to introduce a temporary registration system for six-member funds and has advised SMSFs to expect potential delays when registering.

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Strategy, Superannuation

Trust deed must include certain items

SMSF trust deed

An SMSF trust deed must have a series of non-negotiable items in it, such as rules allowing the use of a contribution suspense account.

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Pensions, Superannuation

Drawdown relief for all pensions

minimum pension relief

The reduced minimum pension that will now apply for the 2022 financial year is not restricted to account-based pensions.

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Retirement, Superannuation

Intergen Report positive for SMSFs

SMSF intergenerational report

The findings of the 2021 Intergenerational Report are very positive sign of the future for the SMSF sector for the coming decades.

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Retirement, Superannuation

Retiree group applauds super legislation

retirees super legislation

The Your Future, Your Super legislation has been endorsed by the Association of Independent Retirees for the performance and efficiency gains it will produce.

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Contributions, Superannuation

NCC bring-forward date confirmed

NCC bring-forward

The official date from when people aged 65 and 66 can use the non-concessional contributions bring-forward rule has been confirmed by Treasury.

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Strategy, Superannuation

Trustees to determine access to benefits

trustees benefit payments

An SMSF technical expert has advised trustees to be more involved in benefit payment strategies and not just rely on advisers to determine the required actions.

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ATO, Superannuation

ATO introduces SMSF rollover alerts

ATO rollover alert

The ATO has added an SMSF alert service to SuperStream that will notify members when a rollover has occurred.

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Regulation, Superannuation

Six-member bill passes through parliament

six member SMSF

Legislation to allow the creation of six-member SMSFs has passed through parliament, but has drawn a cheap shot at advisers from a senator.

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Regulation, Superannuation

Six-member SMSF law progresses

six-member funds

Parliament has taken action on three separate superannuation bills, extending bring-forward arrangements and moving the introduction of six-member funds a step closer.

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