2012/2013 Mid-year Economic and Fiscal Outlook (MYEFO)

For information about the 2013/2014 Mid-year Economic and Fiscal Outlook, click on this link.

The 2012/2013 Mid-year Economic and Fiscal Outlook (MYEFO) is an annual report by the Federal Government announcing further budgetary changes since the 2012 Federal Budget.

The articles appearing here explain the MYEFO changes affecting superannuation, including self-managed superannuation funds (SMSFs).

Set out below are all SuperGuide articles explaining 2012/2013 Mid-year Economic and Fiscal Outlook (MYEFO).

Superannuation Consumer Centre: A great idea, but… where is it?   Super Guide

Before you get too excited, no, the Government hasn’t announced that it is setting up a Superannuation Consumer Centre.

Confirmed! Pension earnings remain tax free after death   Super Guide

Regulations are now in place confirming that pension earnings remain tax exempt upon the death of a fund member receiving a super pension, even when there is no reversionary pension.

ATO levy hike for SMSFs   Super Guide

Effective from 2013/2014 year, the ATO supervisory levy for self-managed superannuation funds is set to jump again, increasing to $259 a year.

Fee hike for small super accounts   Super Guide

If you have less than $1000 in your super account, or you have children or grandchildren with part-time jobs (or starting their first full-time job), then you will be very interested in this article.

Swan’s Mid year Outlook: Superannuation changes   Super Guide

On 22 October 2012, Federal Treasurer Wayne Swan released the Government’s 2012/2013 Mid-year Economic and Fiscal Outlook (MYEFO).

Lost super makes money for everyone   Super Guide

The ATO will soon enjoy a super bonanza of nearly $700 million as a result of the misfortune of those Australians who have ‘lost’ their superannuation through lack of action or ignorance.