SMSFs told to review previous reporting following new laws
The ATO will be reviewing its compliance approach regarding transfer balance account calculations for market-linked pensions after new laws were passed by Parliament last week.
With Treasury Laws Amendment (2019 Measures No. 3) Bill passing through the Senate last week and now awaiting royal assent, the ATO is reviewing its compliance approach in relation to transfer balance account calculations where a member has commuted a market-linked pension.
Read more at SMSF Adviser.
