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?

To learn more about the process , explore best practices, and make the most of our features, please visit our Knowledge Base. You can also check our FAQ section for answers to common questions, or contact our Support team if you need any assistance.