A strong Budget for SMSFs | 2021 – 2022 Federal Budget Summary

May 2021

Peter Burgess, Deputy CEO / Director of Policy & Education, SMSF Association

As expected, the 2021-2022 Federal Budget has a strong emphasis on job growth and women’s security. From an SMSF perspective, after a few quiet Budgets, there were some welcome surprises for the SMSF investors in this year’s Federal Budget.

The following is a brief summary of the key changes relevant to the SMSF sector, including:

  • Repealing the work test for voluntary contributions  
  • Reducing the eligibility age for downsizer contributions 
  • Relaxing residency requirements for SMSFs 
  • Legacy retirement product conversions 
  • Removing the $450 per month threshold for superannuation guarantee eligibility 

Sorry, this page is reserved for members of our free community and SMSF Connect members.

Please register for a free community account to view this page or login below.

Login

If you are an existing member of SMSF Connect or the free community, please login below.

If you wish to become a member, please click here.

 


Join the free community

Provide some details below to join the free community and be regularly updated on SMSF news and information.

  • Strength indicator