June 2019 In February this year, the Government passed legislation which prevents trustees of APRA-regulated funds from providing insurance to members with inactive superannuation accounts, unless a member has specifically directed otherwise. It is a common practice for many individuals with an SMSF to also have a secondary APRA-regulated fund which provides them with insurance.
May 2019 The Coalition Government has been re-elected in the 2019 federal election over the weekend. Forming a small majority in the House of Representatives, the Government took a stable superannuation policy to the election. After the introduction of the significant legislative changes which came into effect on 1 July 2017, the SMSF Association supports
April 2019 The Federal Election has been called for Saturday May 18 2019 and both major parties have outlined their superannuation and tax policies. The following provides a short guide on potential policies at the time of writing. Click here to download the guide. Disclaimer: The information contained in this document is provided for educational
Government delivers surplus election friendly 2019-20 Federal Budget – Leaves superannuation largely untouched April 2019 A surplus election budget is the news coming out of the 2019-20 Federal Budget. With superannuation left largely untouched, the Government focused on further personal income tax cuts. However, three key announcements include providing more flexibility for individuals to contribute
February 2019 If the Australian Labor Party are elected in 2019 they intend to ban the refund of excess franking credits. This means, if your SMSF received a tax refund at the end of the financial year because your franking credits exceeded any tax payable, you will no longer receive that money. SMSFs are significantly