The amount of money that can be allocated to the First Home Super Savers Scheme requires clarification to allow proper compliance with and execution of the initiative, an SMSF strategy specialist has said.

An SMSF strategy specialist has predicted a solid investment opportunity may soon exist for SMSF members if the government decides to issue specific bonds to help fund the infrastructure projects announced in last night’s federal budget.

The SMSF Association has applauded the federal budget provision that will allow retirees to contribute up to $300,000 from the sale proceeds of their homes when downsizing as a non-concessional superannuation contribution regardless of their $1.6 million total super balance.