Treasurer Scott Morrison has announced a series of changes in this year’s federal budget that will impact SMSFs, although not as significantly as the extensive measures introduced last year.

With all of the super changes due to hit from 1 July 2017, capital gains tax (CGT) and its potential relief is one of the most front-of-mind issues for advisers and their clients.

The SMSF Association has used its 2017 federal budget submission to call on the government to commit to stability for superannuation and resist further changes to the system.

The SMSF Association remains concerned about draft legislation governing the treatment of assets held under limited recourse borrowing arrangements (LRBA) in relation to an individual’s total super balance, despite the inclusion of small amendments called for by the industry body.

SMSF financial advisers need to be mindful of the implications foreign pension fund transfers can have for their clients’ total super balances (TSB) as well as their advice value propositions for this service, a sector technical expert has said.

The SMSF Association has voiced its concern over the federal government’s declared intention to capture the use of limited recourse borrowing arrangements (LRBA) within the total superannuation balance and transfer balance caps.

The profile of SMSF trustees is not fixed and is likely to move into one or two other categories over time, the latest industry report has revealed.

SuperConcepts has moved to dispel certain misconceptions it has identified as being held by financial advisers and SMSF trustees about the new superannuation reforms in a technical paper.

Treasury’s decision to uphold the requirement to obtain an actuarial certificate for unsegregated, or proportional, funds when claiming exempt current pension income (ECPI) has been applauded by SMSF industry executives, who have labelled the move a positive outcome for the sector’s integrity. The Treasury Laws Amendment (Fair and Sustainable Superannuation) Regulations 2017, issued on Monday, […]