SMSF Sorted End of Financial Year Update 2021

SMSF Sorted End of Financial Year Update 2021

Release Overview - End of Financial Year update (2021)

The following updates have been released to SMSF Auditomation to ensure compliance with new rates, rules and regulations that come into effect on 1 July 2021

  • Work Test observation updated
  • 50% reduction applied to FY 2022 minimum pensions as a result of Government COVID-19 measures
  • Transfer Balance Cap indexation. TBAR workpapers are also affected by this change and have been amended accordingly.
  • Market Value Observations for shares and managed funds have been update to take into account prices available for 30 June 2021*
    *NOTE: Not available until 1 July
If you find these new updates are not appearing for you, we recommend you follow the steps outlined in the article below:
Why can't I see features from the new release?

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