SMSF Alert: February 2013

This month's key developments Increase in ATO supervisory levy on SMSFs now legislated Decision highlights dangers in following media advice and reminds us mistakes won’t be accepted as an excuse February saw much conjecture on the possibility of superannuation tax increases and further restrictions. While the Coalition made a commitment there would be 'no more negative unexpected changes', Prime Minister Gillard informed the House of Representatives that the Federal Government ‘will never remove tax-free superannuation payments for the over-60s’. What do these statements mean exactly? Why not just say ‘over 60s will never be taxed on their super’? Only...

February saw much conjecture on the possibility of superannuation tax increases and further restrictions. While the Coalition made a commitment there would be 'no more negative unexpected changes', Prime Minister Gillard informed the House of Representatives that the Federal Government ‘will never remove tax-free superannuation payments for the over-60s’.

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