Everything SMSF

It looks like Treasury’s gift to the SMSF sector this year is to release draft legislation for Division 296 tax on what will be – for many of us – the last working day before Christmas.

In short, we now have everything we need to allow anyone to fully commute their SMSF legacy pension under the December 2024 amnesty without fearing a social security debt will be payable. It’s been a...

Potentially – it will depend on whether or not your client controls the company but even then limits apply.