Changes to the work test currently prohibit politicians and company directors from making personal deductible contributions as the new rules do not consider them to be eligible employees.

Super fund members will not have certainty around the personal TBC until well after 1 July but financial advisers can help them calculate an estimate.

The final status of personal transfer balance caps after indexation may not be settled until all late or retrospective reporting by funds is completed.

The SMSF Association has pointed to indexation of the transfer balance cap as grounds to adopt the general cap for all fund members.

SMSF members planning to start new pensions using recontributions need to get the timing correct or risk undermining the strategy.

The potential indexation that will be applied to the transfer balance cap has again raised concerns over the complexity of the superannuation system.

High levels of inflation will create a double rise in the indexation of the general transfer balance cap, pushing it up by $200,000.