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News

STOP PRESS: High Court decision - Hill v Zuda Pty Ltd

15/06/2022

Today, the High Court has handed down its decision in the Hill v Zuda Pty Ltd as trustee for the Holly Superannuation Fund case. Michael Hallinan reports.

New SUPERCentral website and online services coming soon

08/06/2022

SUPERCentral's new website and technology platform will be available shortly. Read on for more details.

End of financial year - pension check

07/06/2022

Given the end of the financial year is nigh, it is time to ensure that the minimum pension drawdown - the minimum drawdown for short - has been or will be satisfied in respect of the current financial year. If the minimum drawdown is not satisfied by the end of the financial year, the SMSF will lose its entitlement to the full exempt current pension income deduction. Additionally, there are transfer account balance consequences as well.

SMSFs likely to be $1 trillion by September 2023!

07/06/2022

APRA has recently published its quarterly superannuation statistics for the December 2021 Quarter. One key item from that publication is that total super assets at 31 December 2021 are estimated to be $3.5 trillion, of which the SMSF segment is estimated to be $876 billion.

2022 Federal Budget: only one super measure

04/05/2022

The current budget contained only one SMSF relevant measure: the extension of the pension drawdown relief for another year.