It is going to be a big year for SMSFs with a number of legislative and budget measures still to be determined in Federal Parliament.

Several decisions are set to be made in Federal Parliament early in 2021 after they were left hanging when Federal Parliament broke over the Christmas holiday period. These included the Bring-Forward Rule for Non-Concessional Contributions, extending the number of members from four to six, Shutting down eligible rollover schemes as well as items that are yet to be legislated including removal of the actuarial certificate requirements for SMSFs that are 100% in pension phase with disregarded small fund assets and allowances to use the unsegregated method where an SMSF has 100% segregated assets for part of a financial year. What will be the outcomes?

Join Philip La Greca and Graeme Colley and Nicholas Ali as they explore these legislative and budget changes and what might happen with them in the future.