The ability to establish an existing interdependency relationship to qualify for concessional tax treatment of SMSF death benefits is complicated and needs to be approached in a specific manner, according to a superannuation commentator.

SMSF members belonging to the baby boomer demographic and requiring a retirement income stream should have their pension arrangements in place before the new deeming rules come into effect, a leading industry expert has said.

The federal government’s proposed tax on pension earnings over $100,000 is unlikely to be implemented due to its complexity, according to an SMSF sector expert.

The latest research into the SMSF sector has shown a significant number of trustees would be willing to use an accountant currently only being used for tax advice for investment advice if they decided to offer it.

The use of promissory notes can provide greater flexibility when employing a gearing strategy within an SMSF, according to an expert servicing the sector.

Class Super has earmarked more rapid improvement to its existing reporting product with the $2.15 million capital injection resulting from CountPlus’s purchase of 1 million shares in parent company Super IP.

The SMSF Professionals’ Association of Australia (SPAA) has described the federal government’s recent decision to limit the tax deductibility of self-education expenses to $2000 as “short-sighted and self-defeating”.

The generation X demographic is the group of clients financial planners and accountants need to focus on if they want to build a successful SMSF advisory business, according to an industry expert.

High-income earners are likely to be the biggest losers under the new superannuation laws, having effectively had new taxes levied upon them, a sector expert has said.