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.
If you wish to learn more about joining the community, please click here.
Join the free community
Complete the form below to set up your free account and be regularly updated on SMSF and investing news and information.