SMSFs are not a suitable vehicle to facilitate the First Home Super Savers Scheme due to the nature of the structures and the flow-on effects that may result from the strategy, a specialist superannuation lawyer has said.

The methodology used for the valuation of assets to determine compliance with the new transfer balance cap still requires clarity, according to an SMSF strategy expert.

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.

More SMSFs are taking strategic positions in hedged exchange-traded funds (ETF) in order to deal with currency risks, according to State Street Global Advisors (SSGA).

The changes to super announced in last year’s federal budget are almost upon us. And while many Australians will not be significantly affected, SMSFs and individuals with larger super balances are likely to feel the negative effects from 1 July.

Delivering on client expectations in regard to portfolio construction and investment diversification is the key objective SMSF advisers are looking to achieve, whether through traditional face-to-face advice or via the emerging online automated model.

The treatment of limited recourse borrowing arrangements (LRBA) assets under current draft legislation will diminish the opportunities for SMSFs to implement well thought out strategies, an industry technical expert has warned.