SMSF Alert: May 2013

Key developments New rules for related party transfers have been withdrawn Legislation to give effect to extra 15% tax on high income earners and $35,000 concessional cap introduced May 2013 was another busy month in the world of super, with the Government seeking to implement some of its previous announcements. It also brought some pleasant surprises. Let’s take a look at the key developments. Related party transfers off the hook In concessional contributions cap to $35,000 for those aged 60 and over (extending to those 50 and over in July 2014). The good news is that the Government’s proposed legislation...

May 2013 was another busy month in the world of super, with the Government seeking to implement some of its previous announcements. It also brought some pleasant surprises.

Let’s take a look at the key developments.

In concessional contributions cap to $35,000 for those aged 60 and over (extending to those 50 and over in July 2014).

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