Keep up to date with the latest news for SMSF.
11 July 2023 : ATO safe harbour interest rate for related party limited recourse borrowing for real property for 2023-24.
24 May 2023 : The Treasurer delivered the Federal Budget on Tuesday 9 May 2023.
25 April 2023 : Transfer balance account event are required to be lodged quarterly from 1 July 2023 for all SMSFs (includes reporting of pension commencement and commutation).
27 March 2023 : The transfer balance cap is due to increase on 1 July 2023 from 1.7 million to 1.9 million.
20 March 2023 : The Treasurer has announced a proposal to increase the tax on Australian with superannuation balances above $3 million.
5 December 2022 : This is a second Federal Budget for 2022-23, subsequent to the May 2022 Federal election that resulted in a change of Government.
5 December 2022 : Reduction of the eligible age for making downsizing contributions.
1 July 2022 : Removal of work test for some voluntary superannuation contributions.
18 April 2022 : There were no new announcement relating to the superannuation system.
3 October 2021 : Rollovers in and out of SMSFs must comply with the SuperStream rules from 1 October 2021.
1 July 2021 : From 1 July 2021, the annual concessional contribution cap amount is $27,500.
4 September 2020 : ATO change SMSF status to 'Regulation details removed' if Annual Return is more than two weeks overdue.
20 August 2020 : Changes to age limit for making voluntary contributions apply from 1 July 2020.
28 July 2020 : Legislative instrument allows for a specific type of LRBA called an intermediary LRBA.
17 July 2020 : The ATO released the Self-managed Super Fund Regulator's Bulletin SMSFRB 2020/1.
21 April 2020 : Additional guidance on certain SMSF arrangements due to the impact of COVID-19.
24 March 2020 : Early release of superannuation and Reducing the minimum pension drawdown requirements.
5 November 2019 : Total superannuation balance to be increased by outstanding balance of Limited recourse borrowing arrangement entered into on or after 1 July 2018.
30 August 2019 : Consideration of investment diversification in the SMSF investment strategy.
16 May 2019 : ATO issues GN 2019/1 - Changes to transition-to-retirement income streams.
29 April 2019 : SuperStream for SMSF rollovers delayed.
10 April 2019 : The Budget 2019-20 was delivered on 2 April 2019 as the Budget that is back in the black and back on track.
4 April 2019 : Council of Financial Regulators (CFR) and Australian Taxation Office (ATO) report that LRBAs are unlikely to pose systemic risk to the financial system.
21 December 2018 : Recent cases held SMSF auditors to be lacking in their assessment of the value of investments stated on the financial accounts.
6 December 2018 : The ATO treats cryptocurrencies as a CGT asset – meaning you make a capital gain or loss from the disposal of cryptocurrencies.
14 November 2018 : ATO recently published the June 2018 quarterly statistical reports for the SMSF market.
23 May 2018 : A review of the measures affecting or relating to superannuation announced in the Budget 2018-19.
2 May 2018 : From 1 July 2018, individuals aged 65 and over may contribute up to $300,000 from the proceeds of selling their main residence.
2 May 2018 - Propose change to increase the maximum number of members in a self-managed super fund from four to six.
2 May 2018 : The election must be made on the 2017 Annual Return for the SMSF, and the Annual Return must be lodged by the due date.
30 January 2018 : The ATO has extended the due date for lodgement of the 2017 SMSF annual return.
3 July 2017 : Changes taking effect from 1 July 2017 will reduce superannuation concessions.
28 May 2017 : A review of the measures affecting or relating to superannuation announced in the Budget 2017-18.
9 January 2017 : The $1.6 million cap will limit the amount of income earned that is exempt from income tax in the superannuation fund for members with balances exceeding that cap.