New financial year to bring new rules for super
As the 2019–20 financial year draws to a close, a technical expert has highlighted some of the new rules commencing for super funds for the 2020–21 financial year.
For the 2020–21 financial year, SuperConcepts executive manager SMSF technical and private wealth Graeme Colley said the two main changes are the abolition of the work test for those aged 66 and 67 years old and the extension of spouse contribution for those aged between 70 and 75 years.
Read more at SMSF Adviser.
