From www.smsfadviser.com: The ATO has issued a warning about misinformation regarding superannuation preservation rules, specifically a false claim that the preservation age would be raised to 70 starting June 1, 2025.
Deputy Commissioner Emma Rosenzweig emphasized that the actual maximum preservation age remains 60 for those born after July 1, 1964, and encouraged individuals to verify information through trusted sources.
Peter Burgess, CEO of the SMSF Association, highlighted the risks of relying on unofficial online content, which can lead to poor financial decisions and potential scams.