Opinion
Why self-managed super funds are anxious about these 3 reforms
The sector is anxiously waiting to see if the Labor government will proceed with some crucial changes that were in the pipeline before the election.
John MaroneyContributorThe self-managed super fund (SMSF) sector is anxiously waiting to see if the Labor government will proceed with three reforms that were in the pipeline before the May 21 election.
The government will now have to decide whether to sign off on reforming the residency rules for SMSFs; establishing an amnesty period to allow SMSF members with legacy pensions to convert to more conventional style pension products; and reviewing the non-arm’s length expense (NALE) provisions.
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