Time is running out for superannuants to ramp up their balances, as well as acquire new business premises via an SMSF, before the opportunity is gone for good, according to HLB Mann Judd.

Advisers must look to cover off three elements that are crucial to providing proper strategic advice for their SMSF clients, a business consultant has said.

SMSF trustees have high growth expectations for the next 12 months, yet as many as 55 per cent have moved to a more defensive asset allocation amid continued market volatility, according to a recent industry paper.

Advisers need to discuss three crucial strategies that are required for every SMSF client as the current number of funds with all three in place is low, an SMSF strategist has said.

A recurring misunderstanding in the industry is that only one investment strategy is required for a husband-and-wife SMSF, according to a technical expert.

The provision of quality advice on a retiree’s drawdown is vital to address the challenges posed by growing life expectancies, according to Vanguard Investments.

SMSF trustees are looking to make the most of the current superannuation rules by significantly increasing their non-concessional contributions (NCC), the latest SuperConcepts “SMSF Investment Patterns Survey” has found.

Advisers and accountants should be raising the possibility of implementing superannuation contribution splitting strategies immediately in light of the proposed changes to the retirement savings system incorporating member balance thresholds, a technical expert has said.

Amendments to the proposed non-concessional contributions (NCC) cap change and how it will be implemented have provided a new opportunity for advisers to use opportunistic strategies for their clients, an SMSF technical expert has said.