SMSF News and Strategies Podcast Show · Chris Reed: Certified Practicing Accountant (CPA), FPS and SMSF Specialist Advisor, Director of Business Concepts Group

SMSF NS110: The super changes that commenced on 1st July 2023

·19 min·1 clip
Your personal transfer balance cap could be the full $1.9 million or a proportional amount, depending on your pension history.
Hosts Chris Reid and Sarah Power detail the key superannuation changes that took effect on July 1, 2023, including a significant increase in the transfer balance cap to $1.9 million and the end of COVID-era minimum pension reductions. They also provide a checklist for SMSF trustees to prepare for year-end reporting and compliance.

As heard by us

A plainspoken guide to the new financial year super thresholds that affect contribution planning.

This episode breaks down the superannuation changes that took effect on 1 July 2023, with attention on the thresholds that govern what SMSF members can do.

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Why you'd press play

Know how the 1 July 2023 super changes affect your contribution room.

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