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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…

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The taxing problem of foreign pension transfers (Part 2)

Written by Tracey Scotchbrook, Policy Manager, SMSF Association In my previous article, ‘So you’re thinking about transferring your foreign pension fund to Australia‘, I highlighted some of the important things you need to consider before transferring your foreign pension funds to Australia. In this article I will explore the Australian income tax implications. Where a…

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So you’re thinking about transferring your foreign pension fund to Australia (Part 1)

Written by Tracey Scotchbrook, Policy Manager, SMSF Association For people who have previously lived and worked overseas they will likely have a foreign pension fund. It is understandable that there is a desire to consider transferring the proceeds of these pension funds into Australia. The reasons for doing so are varied but are often about…

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

Written by 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…

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Starting a pension from your SMSF?

Superannuation – and your SMSF – is your nestegg for retirement. When you are nearing retirement and looking to reap the rewards of your hard-earned savings it’s your super that you’ll call upon to fund your lifestyle. But to do this, your super has to do two things: Your capital needs to GROW (your advisor…

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Transition to retirement pensions – back to their true purpose

The changes to superannuation announced in the 2016 Federal Budget have been passed by Parliament. Amongst the changes was legislation which will remove tax concessions for transition to retirement pensions (TTRs) and bring them closer to their purpose of providing income to members as they transition to retirement. Transition to retirement pensions (TTRs) make it…