Much has been written about the Government’s proposed superannuation measures which have now just been passed by both Houses of Parliament. Of particular interest to some is the $1.6 million cap on the transfer of monies into the tax-free retirement phase. The legislation shows how the Government wants the cap to work in practice and highlights what SMSF trustees should be aware of ahead of its introduction on 1 July 2017.
[Read more…] about Super Reform bills now passed: How SMSF’s should plan for $1.6M pension cap