SMSF Sorted Release v3.1.4

The latest SMSF Sorted release v3.1.4 includes below points:

1. EOFY Updates:

1. 50% reduction in the minimum pension drawdowns extended to FY 2023 and hence pension workpapers in SMSF Sorted have been updated to consider this effect.
   
2. Option to create FY 2023 jobs has now been added.

Note: Below EOFY updates were already incorporated in SMSF Sorted last year; which are relevant for FY 2022 onward jobs:

1. Inclusion of members up to 6 members in a super fund.

2. Updated age as 67 in the work test observation where a member is making contributions to a super fund and is required to satisfy the work test.

3. TBAR workpapers updated to include the effect of indexation.

4. 50% reduction in the minimum pension drawdowns for FY 2022.

2. Notes to the Financial Statements report has been added under the Additional Financial Reports section. This report would also be available for the auditor on submitting the job to the auditor.

3. An option to open and view the Sorted Workpaper File in a web browser has been added. Please click here to refer the detailed steps.

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