Individuals have been reminded of the timeframe if they want early access to superannuation on compassionate grounds over Christmas.

There is an indication the superannuation gender gap is beginning to close across the SMSF sector as per the latest ATO quarterly statistics.

A cap on superannuation balances would not penalise people who have taken advantage of past contribution rules, but counter their generous provisions.

Uncapped superannuation balances are hard to argue for in a taxpayer-subsidised system and reduce consumer trust and confidence.

The possible move by the government to impose a cap on superannuation balances has met with opposition from another industry body.

Any government policy aimed at making changes to the superannuation system should be taken to an election to allow Australians to vote on the issue.