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Think NOW About Proposed Changes To Super

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Date: 01/04/2012

Changes to the rules governing SMSFs are proposed for July 1 - check your arrangements now!

Two proposed changes to SMSF regulations may come into effect on July 1, one concerning the caps on concessional contributions, the other affecting transfers of shares into the fund. Tax expert Michael Jones, of Cummings Flavel McCormack, says now's the time to check your arrangements, to make any necessary adjustments before June 30. And he has a reminder about minimum payments for those in pension mode - make sure your withdrawals from the fund are on track. Mistakes can lead to an onerous tax bill.

  

Topics: Accounting & Tax


Michael Jones, Cummings Flavel McCormack