These three areas cover all you will need to know but the accompanying two articles cover more specific topics and they might help you better understand how the Budget affects you.
Federal Government
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The ATO is encouraging SMSF trustees to use its voluntary disclosure service to inform it early if a contravention has occurred.
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The partner of a legal firm specialising in superannuation has revealed the concept of SMSF member mental capacity is becoming more prevalent in estate planning challenges, prompting the need for practitioners to amend their procedures regarding all fund actions.
Financial planning professionals should be having conversations with their clients as soon as possible about their aged care needs, says a specialist adviser.
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