News and updates

Keep up to date with the latest news for SMSF.

Investment strategy and diversification

30 August 2019 : Consideration of investment diversification in the SMSF investment strategy.

Moving to retirement phase Transition-to-retirement income streams

16 May 2019 : ATO issues GN 2019/1 - Changes to transition-to-retirement income streams.

SuperStream for SMSF rollovers delayed

29 April 2019 : SuperStream for SMSF rollovers delayed.

Budget 2019-20

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.

Government not making changes to SMSF borrowings

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.

Importance of evidence supporting market values of assets

21 December 2018 : Recent cases held SMSF auditors to be lacking in their assessment of the value of investments stated on the financial accounts.

Tax treatments of digital currencies (cryptocurrencies)

6 December 2018 : The ATO treats cryptocurrencies as a CGT asset – meaning you make a capital gain or loss from the disposal of cryptocurrencies.

SMSF statistical information – June 2018

14 November 2018 : ATO recently published the June 2018 quarterly statistical reports for the SMSF market.

Budget 2018-19 - Budget measures - superannuation

23 May 2018 : A review of the measures affecting or relating to superannuation announced in the Budget 2018-19.

Downsizer contributions

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.

Maximum number of members to increase to six

2 May 2018 - Propose change to increase the maximum number of members in a self-managed super fund from four to six.

Last chance to elect for the CGT reset

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.

ATO extends due date for 2017 annual return

30 January 2018 : The ATO has extended the due date for lodgement of the 2017 SMSF annual return.

Changes taking effect from 1 July 2017

3 July 2017 : Changes taking effect from 1 July 2017 will reduce superannuation concessions.

Budget 2017-18 - Budget measures - superannuation

28 May 2017 : A review of the measures affecting or relating to superannuation announced in the Budget 2017-18.

$1.6 million transfer cap to limit exempt pension income

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.

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