It is fair to say that we weren't expecting anything too dramatic when it came to superannuation and SMSFs in 2018-19 Federal Budget and the most part we were right. The Treasurer, Scott Morrison delivered a budget that looked to hand back some of the more than expected revenues generated since the mid-year economic report. Given that this was most likely the Government's last opportunity to present a budget before the next Federal election, it was always going to have a few 'sweeteners' included. This extended to SMSFs too...
In this podcast, Aaron discusses the proposed measures from the Federal Budget that impacted superannuation and SMSFs more specifically. This included the announcement to extend the membership of an SMSF from 4 to 6, expanding the work test for certain individuals 65-74 where their total superannuation balance is <$300k, tightening the integrity of claiming tax deductions for personal super contributions, and the change to tri-annual SMSF audits for funds with a clean bill of health and meeting their lodgement obligations.
Episode 44 - The great pension squeeze
Episode 43 - How the SMSF sector continues to evolve
Episode 42 - why real change is important in the SMSF sector
Episode 41 - Our tech stack
Episode 40 - Changes to 2018 SMSF Annual Return
Episode 39 - Future of SMSF - insights into the sector today
Episode 38 - Class Benchmark Report - March 2018
Episode 37 - opportunities with the downsizer contribution rules
Episode 36 - It's TBAR time...
Episode 34 - Labor's policy to remove imputation credit refunds
Episode 33 - Do pension SMSFs match their stereotype?
Episode 32 - My takeaways from the SMSF Association National Conference 2018
Episode 31 - Living your brand in a smarter way
Episode 30 - Why not all death benefit nominations are the same
Episode 29 - Documenting decisions in taking more than the minimum pension
Episode 28 - 8 things to focus on in 2018
Episode 27 - Impact of changes to partial commutations
Episode 26 - CGT Relief: Segregated method and adopting the proportionate approach
Episode 25 - Insights from the Class SMSF Benchmark Report - September 2017
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