News & Articles | SMSF Engine

Minimum Pension Reduction for this Year and Next

Posted on: Sunday, April 26th, 2020

In response to the decline in asset prices, the Government have announced a temporary reduction in the minimum pension factors for the 2019/20 and 2020/21 financial years. As a result, minimum pensions for each year are now halved. The...

COVID-19 Early Release of Super

Posted on: Wednesday, April 22nd, 2020

The government is allowing individuals affected by the Coronavirus to access superannuation in financial years 2019-20 and 2020-21. If you are unemployed, working hours were reduced more than 20% or already receiving certain benefits from...

ATO lodgement deferral for SMSFs

Posted on: Wednesday, April 22nd, 2020

The ATO has today announced a blanket lodgement deferral for 2018/19 SMSF Annual Returns to 30 June 2020.While this is a welcome development, we need to recognise that the extra time will slip by quickly given the challenges of...

Rent Relief for SMSFs

Posted on: Tuesday, April 14th, 2020

by Alex PolorotoffFollowing the recent Government announcements regarding relief for tenants of rental properties, the ATO has clarified their guidance on how this impacts SMSFs.Briefly, they have indicated they will allow SMSFs...

Working with Covid-19

Posted on: Tuesday, April 14th, 2020

The SMSF Engine team are all fit and healthy and working remotely to provide high quality SMSF services to our clients during these challenging times. If you need any assistance we are ready to help.Early Access to Super – ...