SMSF Alert: March 2013

This month's key developments Tribunal decisions highlight the dangers of failing to document deductible (concessional) contributions Rumours of potential changes to superannuation law are back in circulation, just over a month since ‘taxing the over 60s’ was knocked on the head. Super surcharges on the ‘wealthy’ – except, of course, the politicians – are apparently the chief contender for plugging budget holes. But let’s wait and see what the May budget announcement brings. Simon Crean – off the leash and talking his mind – may yet make the Government think again, although a tightening of super concessions is only...

Rumours of potential changes to superannuation law are back in circulation, just over a month since ‘taxing the over 60s’ was knocked on the head. Super surcharges on the ‘wealthy’ – except, of course, the politicians – are apparently the chief contender for plugging budget holes.

But let’s wait and see what the May budget announcement brings. Simon Crean – off the leash and talking his mind – may yet make the Government think again, although a tightening of super concessions is only a question of time.

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