Technically Speaking: The work text exemption – Giving retirees an extra year (including an update on superannuation measures in Parliament)

This issue of Technically Speaking, written by the SMSF Association’s Policy Advisor, Franco Morelli, details the final work test exemption rules including:

  • The current rules for individuals aged 65 and over
  • The new ‘simplified’ work test exemption
  • Whether the new rules will be effective?

The paper also contains an update on other superannuation measure updates currently before Parliament.

The contents of this resource are taken to be correct at the time of publication.

Disclaimer: Technically Speaking bulletins contain general advice only and are prepared without taking in to account particular objectives, financial circumstances and needs. The information provided in this bulletin is not a substitute for legal, tax and financial product advice. Before making any decision based on this information, you should assess its relevance to the individual circumstances of your client. While the SMSF Association believes that the information provided in this bulletin is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this bulletin is not considered financial product advice for the purposes of the Corporations Act 2001. © SMSF Association