superannuation legislation amendment

  1. 683 Posts.
    lightbulb Created with Sketch. 6
    Check out a bill being debated in parliament today.
    It's a proposed double dip into our SMSFs

    They want to:
    a. increase the levy payable
    b. change the timing when the levy is payable

    So this year it's $200, next year $321, the year after $388, then $259

    Refer to table 2 on:
    http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/bd/bd1213a/13bd081

    Pretty sad when you consider the levy was $45 in 2006-7 (before the days of Kev07)

    Just a further money grab to "cover the cost of ATO administering SMSFs"

    How many public servants does it take to tick a box previously checked by an Auditor?
 
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