Smarter SMSF

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June 19, 2018  

Episode 40 - Changes to 2018 SMSF Annual Return

June 19, 2018

In episode 40 of the Smarter SMSF podcast, Aaron is joined by Jeevan Tohki, Product Manager at BGL to discuss the changes to the SMSF Annual Return (SAR) for 2017-18.  The new superannuation reforms from 1 July 2017 has meant a raft of amendments to the current SAR that impacts member information such as total superannuation balances, and transition to retirement income streams (TRISs), along with updates to regulatory data including limited recourse borrowing arrangements and CGT relief information where a fund chose to defer under the transitional CGT relief provisions.

Aaron and Jeevan explore the impact of these specific changes, including what practitioners should be aware of when looking at the preparation of the financials and SMSF Annual Return for this income year.