As you are all no doubt aware, significant changes to superannuation occurred recently. We touched base with all of our Self-Managed Super Fund (SMSF) clients prior to the end of the financial year with details of what they were required to do at that time (if anything). So what’s the next step?
We now need to consider how our SMSF clients manage their pensions in the future. Trustees of SMSF’s will shortly receive a letter from us providing information on what the new rules are. We ask that you take the time to read through these thoroughly as your decisions may have a significant impact on the tax payable by your SMSF future years.
If you have any concerns about how this might affect your super fund, please do not hesitate to contact us.