SMSF Sorted EOFY Updates- FY2023
End of the Year Updates for FY 2023
A few updates have been made in the current observations, they're as follows:-Lump Sum Payment
- If a lump sum payment is made and the member’s age is less than 59, the Lump Sum Payment observation will be reflected in the warnings section.
- This will not apply to the previous FYs (2022 or any other preceding years).
Retirement Condition
- If a lump sum payment is made and the member’s age is between 59-65, Retirement Condition observation will be reflected in the warnings section.
- This will not apply for the previous FYs (2022 or any other preceding years).
Work Test
- If a member is 67 years or above and made a concessional contribution (amount in Contribution as allocated) then the Work Test observation will be reflected in the warnings section.
- This will not apply for the previous FYs (2022 or any other preceding years)
Other Updates
An option to create FY 2024 jobs has been enabled for Sorted Pro users.
Sorted Pro users can now view the progress of jobs submitted to the auditor from their dashboard itself. They can also set the default view of their dashboard from setting icon.
If a member is suspended from the fund it would not appear in the active members list in the client details. Users can click on the 'View Inactive Members' checkbox to view old members of the fund.
- Few other bugs and fixes are addressed in this release.
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