The reform Regulations have now been finalised. They are largely unchanged form what was initially proposed. A couple of subsequent discussion topics have been abandoned. Notably the notion that actuarial certificates will no longer be required and that complying pensions could be commuted where they contributed to a transfer balance cap issue. Neither of these will proceed so the status quo remains.
Personal Concessional Contribution Misunderstanding
Each year we have a few instances where an SMSF member is informed by their personal tax accountant, that they can’t...