SMSF trustees boosted their benefit payments in the March quarter as a way of taking advantage of the current rules around non-concessional contribution (NCC) caps, the latest SuperConcepts “SMSF Investment Patterns Survey” found.

Two key measures in the 2017 federal budget that directly impact on super demonstrate the need to go ahead with enshrining the objective of superannuation in legislation.

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.