SMSF Alert: May 2014

Key Points Federal Government budget impacts Rumours of a delay in access to super Start of ASX mFund Delayed start to Superstream data standard May was budget month and, whilst the Government managed to upset just about everybody, superannuation escaped further damage for now. Let’s take a look at the budget impacts and other developments during the month. 2014 Federal Budget As expected, the Government has announced new rules for excess contributions to super. The changes are intended to make the treatment of non-concessional contributions consistent with the previous Government’s change to the treatment of excess concessional contributions, with...

May was budget month and, whilst the Government managed to upset just about everybody, superannuation escaped further damage for now. Let’s take a look at the budget impacts and other developments during the month.

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