SISR amendments create new ‘opportunity zone’
A recent amendment to the SIS Regulations has led an SMSF education firm to declare an “opportunity zone” for fund members between the age of 65 and 67.
Registered on 28 May, the federal government’s Superannuation Legislation Amendment (2020 Measures No. 1) Regulations 2020 alters the SIS Regulations, increasing the age at which the work test starts to apply for voluntary concessional and non-concessional superannuation contributions from 65 to 67.
Read more at SMSF Adviser.