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’Light bulbs going off’ with member extension says ATO

The ATO has moved to quash some of the misconceptions circulating the industry relating to intergenerational wealth transfer and super, which have arisen from the government’s new member limit proposal.

’Light bulbs going off’ with member extension says ATO
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ATO acting assistant commissioner Tara McLachlan said while the ATO is still awaiting further details on the government’s proposal to increase the number of members permitted in an SMSF, it’s clear that it could lead to additional complexity for some SMSF members.

Read the full article at SMSF Adviser.

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