2021-22 Federal Budget Update

The 2021/22 Federal Budget has been delivered and it’s reasonable to say that SMSFs have fared well, albeit there is a lot of time and a likely Federal Election between now and the assumed commencement date for some of the measures, so anything is possible.  As it stands, if passed, most of the measures will take effect from 1 July 2022.

In this Federal Budget Bulletin we will highlight the key superannuation announcements including two measures specifically targeted at SMSFs and Small APRA funds.  Importantly we will compare the announcements with the current state of play to ensure everyone is on the same page with what can and cannot be done at this point in time.