self-managed superannuation fund administrators

Super Matters News Summer Edition 2021

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HIGHLIGHTS SMSFs – LOOKING TO THE FUTURE A review of how recent changes affect you as an SMSF trustee ATO UPDATE New ATO guidance on when it will remit SMSF trustee penalties TRUSTEE Q & A I am aged 68. I was stood down from my employment due to COVID-19 and I am...

Lump sum payments from death benefit pensions

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My client, who is under age 60, would like to take a lump sum payment from a death benefit pension. Are they allowed and if so, how will the lump sum be taxed? Since 2017, death benefit pensions have had to follow “extra rules”. The ability to stop a death benefit pension a...

Draft legislation for legacy pensions

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Just before Christmas, there was another small step towards resolution for those with “legacy pensions” with some new draft legislation being released for comment. While it’s only draft legislation, it’s worth bearing in mind that the changes are being made via additional...

What’s on the agenda when Parliament returns next week?

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With only 8 sitting days before the Federal Budget is due to be handed down on 29 March 2022 and an election to be called, there are a number of outstanding super measures to be dealt with. Changes to contribution rules In the last Federal Budget, the Government proposed a number...