Putting A Bow On 2024 And Understanding Legacy Pension Conversions The SMSF Adviser Show podcast

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Putting a bow on 2024 and understanding legacy pension conversions

8d ago 49:22

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MP3•एपिसोड होम

In this episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn are joined by Tim Miller, SMSF technical and education manager at Smarter SMSF, to break down an early Christmas present for the SMSF sector – the introduction of regulations on legacy retirement product commutations and reserves.

Miller explains why there was a need for these regulations to be put in place and who is set to benefit from legacy pension changes, the important dates for the measures, and considerations for both SMSF members and their advisers when deciding if exiting a pension is the right decision.

The podcast also takes a look back on a big year for SMSF professionals. Even though the Division 296 changes never got across the line, there were changes to the stage 3 tax cuts, the objective of super was legislated, and the government raised the ire of accountants with some ill-advised changes to the code of professional conduct for tax practitioners – and much more.

Listen as they discuss:

How the SMSF sector was impacted by the biggest events of 2024.
The key areas covered on the SMSF Adviser Show over the year that was.
Why a number of these important issues are going to still be on the agenda in 2025.

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