The ATO has announced individuals can recontribute into funds without it counting towards non-concessional caps to rebuild super amounts affected by the COVID-19 early release scheme.

Salary sacrifice arrangements used in SMSFs may not be consistent with new concessional contribution caps and should be revisited.

Missed opportunities to make bring-forward contributions may open up the possibility for larger contributions under other new rules in the coming financial year.

A change to legislation that will remove charges for excess concessional contributions may result in misuse and was not called for by the SMSF sector.

SMSFs using a clearing house to make end-of-year contributions should have taken action already to ensure the funds are processed by 30 June.