2022-23 Federal Budget Summary – A quiet night for SMSFs
Written by Tracey Scotchbrook, Policy Manager, SMSF Association
As expected, the 2022-2023 Federal Budget has a strong emphasis on cost-of-living relief, job growth and women’s security. From an SMSF (and superannuation perspective) this year’s Federal Budget was a quiet one, and saw continued stability for SMSF trustees.
The following is a brief summary of the key changes relevant to the SMSF sector, including:
Extension of the temporary reduction in superannuation minimum draw down rates;
Employee Share Schemes – expanding access and further reducing red tape;
Allowing commutation of certain income streams; and
Digitalising trust income reporting and processing
Sorry, this content is reserved for members of our SMSF Connect community.
Please register for a free community account to view this content or login below.
Login
If you are an existing member of SMSF Connect, please login below.