News : Superannuation

Superannuation

Early release contribution option needed

super early release replacement

Individuals accessing their super early under the government’s new relief provisions should be given the option to top up their super once the crisis has passed without being subject to the limits currently in place, a specialist auditor says.

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Superannuation

SMSFA suggests prudent early release use

early access superannuation

Individuals should use the government’s coronavirus financial relief measure allowing early access to superannuation benefits sensibly, an industry body has advised.

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Education, Pensions, Superannuation

SuperConcepts issues COVID-19 e-books

SuperConcepts coronavirus e-books

SuperConcepts will offer free e-books to people impacted by recent changes to superannuation and pensions as a result of COVID-19.

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Regulation, Superannuation

Temp incapacity has limited use

temporary incapacity

There is a catch to using the temporary incapacity provisions contained in the superannuation regulations to compensate for loss of income due to COVID-19, a technical expert has said.

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Superannuation

If in doubt, take total super relief

superannuation relief coronavirus

Clients should be advised to withdraw the full amount allowable from their superannuation fund early if this COVID-19 relief measure is required, a technical expert has said.

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ATO, Superannuation

ATO grants rent relief to SMSFs

ATO rent relief SMSF

The ATO has confirmed it will not take action against SMSFs providing tenants with rent reductions due to the impact of COVID-19.

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ATO, Property, Superannuation

Don’t game early release provisions

superannuation early release provisions

Superannuation money accessed under early release provisions should not be funnelled back to offset tax in or outside the fund, an SMSF administrator has warned.

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ATO, Superannuation

Actuaries want greater ATO involvement in super relief

ATO coronavirus relief

A call has been made for the ATO to play a more active role in the early release of superannuation benefits as a coronavirus financial relief measure.

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Regulation, Superannuation

COVID-19 knocks super reforms off track

covid-19 superannuation reforms

A newly revised parliamentary timetable will add further delays to superannuation reform measures announced in the 2019 federal budget.

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Superannuation

SMSFA lobbying for further relief

SMSF Association corona relief

The SMSF Association has asked the government to boost the measures aimed at providing financial relief from the impact of COVID-19.

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