The changes to the superannuation rules contained in last week’s federal budget had implications for financial planning software providers as some inbuilt strategies had now been compromised, according to NowInfinity principal Grant Abbott.

The changes to the superannuation contributions caps announced in the 2016 federal budget will make the administration of an SMSF a great deal more difficult, according to a technical expert for the sector.

The SMSF Association has given its support to the changes to the draft legislation covering the professional standards of financial advice.

The SMSF Association has used its 2016 budget submission to call on the government to change the legislation applying to Australians wanting to continue to make contributions to their SMSF while working overseas.