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04 Feb 2021 Superannuation

SMSF Releases Federal Budget 2021–22 Submission

The SMSF Association welcomes the opportunities to provide a Federal Budget 2021–22 submission. In this submission they will focus on three significant themes, complexity, advice and technical issues. 

The SMSF Association’s submission seeks to address these important points and focuses on reducing unnecessary complexity, improving access to advice and addressing some technical issues with the superannuation legislation. 

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General transfer balance cap indexed 1 July 2021

Indexation of the general transfer balance cap will occur on 1 July 2021.

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How to avoid common reporting errors

The ATO often finds funds make mistakes when they are responding to Section 20C notices, undertaking successor fund transfers, closing member accounts and reporting member transactions. Find out how to avoid some of these common errors.

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General TBC indexed 1 July 2021

Indexation of the general transfer balance cap (TBC) from $1.6 million to $1.7 million will occur on 1 July 2021.

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Superannuation Changes Industry roadmap

The Superannuation Changes Industry Roadmap is an overview of the changes impacting the superannuation industry.

Read more here.

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