Byfields SMSF Newsletter October/ November 2020

Welcome to our first inaugural monthly newsletter on SMSF matters.

Each month we will share insights into superannuation, the government changes and keeping you informed.

Recent Superannuation Changes & Federal Budget

For the first time in living memory the recent October Federal Budget didn’t make a single change that directly affected SMSFs. This doesn’t mean that there haven’t been some significant and beneficial changes announced or implemented in the last 12 months though.

Click below to download the full newsletter

October / November 2020

The next SMSF newsletter will revisit the following:

  • Re-contribution Strategy to save big dollars for your adult children.
  • Potentially make use of the age 65 retirement and age 67 contribution rules arbitrage opportunity.

If you have any questions or would like to discuss any of these issues further, then please contact Roger Thomson on (08) 6274 6400 or smsf@byfields.com.au

Contents 
Recent Superannuation Changes & Federal Budget1
Age 65 work test extension to 671

Age 70 spouse contribution extension to 75

1
Carry-forward (catch up) contributions1
Proposed Changes Yet to be Legislated1
Non-concessional contributions bring forward rule1
Increasing the SMSF Member Limit from 4 to 62
Other changes2

Share this

Explore The Latest News from Byfields