Well, that was a welcome change.

The politicians actually kept their grubby paws out of Super.

Two minor adjustments but the Budget sailed on past leaving Super unscathed:

1. The downsizer age has been lowered to fifty-five.

2. The increase in the income threshold means some of your SMSF trustees might be entitled to the pensioner concession card.

Otherwise, the Halloween ghouls were all swept back under the carpet:

X Limits to the SMSF ability to borrow.

X $5M cap on the size of funds.

X Eliminating legacy defined benefits pensions from SMSFs

 
After the tumult of the past years, it is nice to get back to business as usual.

Enjoy these tranquil moments, before the frenzy of Christmas starts.

And if you have any SMSF queries, whether we audit your client’s files or not, please feel free to get in touch.

After all, we all want what’s best for your clients.