Government to respond to income streams review ‘very shortly’

The Government will soon respond to a review of retirement income streams, including possible changes to minimum drawdown levels.

Assistant Treasurer, and Minister for Small Business, Kelly O’Dwyer said the Government would respond to the review “very shortly and will

Bring back pension drawdown relief, says Taxpayers Australia

Taxpayers Australia is calling for the reintroduction of pension drawdown relief, as low interest rates are forcing SMSFs to restructure their investments to fund pension payments

The organisation said the minimum drawdown requirements on account based pensions are “too high

Government abandons changing super pension drawdowns

Update: Assistant Treasurer Josh Frydenberg now says the Government is considering changing the superannuation drawdown rules, without increasing the rates.

Despite promising to review the appropriateness of the minimum superannuation pension drawdowns, the government appears to now be abandoning

SMSF borrowing on ATO’s radar, says Assistant Commissioner

SMSF borrowings which contravene the SIS Act and regulations are on the ATO’s radar.

ATO Assistant Commissioner for superannuation, Matthew Bambrick, told the Tax Institute Annual Superannuation Intensive Conference that the ATO is “concerned that some organisations are promoting arrangements