The impending implementation of the new super rules should be the catalyst for advisers to encourage SMSF members to switch from a transition-to-retirement (TTR) income stream to an account-based pension, a technical specialist has said.

The SMSF Association has called on the federal government to tweak the existing policy aimed at preventing elder abuse instead of completely overhauling it.

The reasoning behind the government’s proposal to include assets held under a limited recourse borrowing arrangement (LRBA) as part of an individual’s total super balance is still not clear, according to a senior technical expert.