6 – a new number for SMSFs

Executive Manager, SMSF Technical & Private Wealth, SuperConcepts
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Well … as expected, this year’s Federal budget was quieter for SMSFs and super than some years. The main impact on SMSFs was an increase in the maximum number of members from four to six, three yearly audits for funds with good track records and a possible increase to the supervisory levy. Let’s look at the increase to six members and the impact on fund operations. We’ll get to the others in future if they take place.

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