A once-in-a-decade change program for Australia’s superannuation system
The measures to implement the Government’s super reform program, originally announced in the 2016 Federal Budget, became law on 29 November 2016.
- the introduction of a $1.6 million pension cap
- changes to taxation of transition to retirement income streams
- consequential transitional CGT relief, and
- a range of other measures.
Most of the reform measures are effective from 1 July 2017.
Five changes everyone must know (for more information, please click on the items below to expand):
For more information on the documents we require to lodge the annual return, please see the page here. For a complete list of current developments in SMSF, please click on the link below: