News : Superannuation

COVID-19 knocks super reforms off track

March 26, 2020

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

March 25, 2020

Darin Tyson-Chan

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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ATO, Superannuation

ATO issues SMSF early release details

March 25, 2020

Jason Spits

SMSF members have been given details about how they can gain early release to their funds under the government’s coronavirus relief provisions, with the ATO urging caution for trustees.

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Property, Superannuation

Downsizer contributions need own strategy

March 24, 2020

Darin Tyson-Chan

A specialist lawyer has suggested advisers need to strategise to maximise downsizer contributions if the proceeds of a property sale are under $300,000.

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Administration, Superannuation

Govt introduces super, pension relief measures

March 23, 2020

Tharshini Ashokan

The federal government has announced it will allow early access to superannuation for people under financial stress as a result of COVID-19.

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Regulation, Superannuation

SMSFA, FSC support govt coronavirus response

March 23, 2020

Tharshini Ashokan

The SMSF Association and Financial Services Council have welcomed the federal government’s latest economic support package.

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Superannuation

Super contributions paperwork needs attention

March 23, 2020

Darin Tyson-Chan

A technical manager has warned people to make sure all of the necessary documentation is provided on time if they are looking to claim a tax deduction for personal super contributions.

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Pensions, Superannuation

SMSFA seeks drawdown cut

March 19, 2020

Jason Spits

The SMSF Association has asked the government to reduce minimum drawdown amounts from superannuation in response to COVID-19’s impact on financial markets.

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Superannuation

Work test caution needed regarding leave

March 19, 2020

Darin Tyson-Chan

Certain employment leave may be used as a component to satisfy the work test allowing people aged 65 or over to make superannuation contributions, a technical manager has said.

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Superannuation

Coronavirus relief may come from super

March 18, 2020

Darin Tyson-Chan

Financial relief from the effects of the coronavirus may be available through the legal early access of superannuation benefits, an SMSF strategist has said.

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