Over the last few years the ATO has seen instances of SMSF trustees losing their crypto asset investments. Trustees thinking of investing in crypto need to be aware of the ways that crypto can be lost, including via scams and how they can avoid them.
On 1 July 2023 when you calculate the minimum annual payment on your pension balance, the 50% reduction will not apply to the calculated minimum annual payment.
The reduced eligibility age to make a downsizer contribution from age 55 is now law, with the Treasury Laws Amendment (2022 Measures No. 2) Bill 2022 receiving royal assent on 12 December 2022.