Now that March has passed us by without the 6 member SMSF rule having being passed the earliest it can come into force is 1 July. This is because, even if this measure is passed before the end of this financial year, it cannot become law until the first quarter after receiving Royal Assent. That makes 1 July 2021 the earliest possible start date.
Are Transition to Retirement Pensions Still Useful?
Following the loss of tax concessions on fund earnings underpinning TRISs their popularity plummeted but they still...