Tag: retirement fund protection
-
SMSF Members Urged to Understand Superannuation Access Rules
Understanding superannuation access rules is crucial for SMSF members navigating retirement to prevent illegal access to their retirement funds. Failure to meet the conditions of release could inadvertently lead to unauthorized early withdrawals, emphasizing the importance of clear documentation, according to a technical specialist. A PRACTICAL GUIDE TO AUSTRALIAN SUPERANNUATION: A Plain-English Guide to Maximising…
-
Controversial Superannuation Tax Plan Tests Albanese Government’s Resolve
Labor’s proposed tax on superannuation for individuals with over $3 million in assets has sparked controversy and is seen as a significant test for the Albanese government. Some view it as an intrusion into retirement funds to offset government spending, potentially setting a precedent for additional wealth taxes. Superannuation and Taxation: A Practical Guide to…