Single-solution superannuation offerings prevent fund members from finding the best contribution and investment mix for their retirement goals.

A technical specialist has predicted indexation measures likely to be applied to the concessional contributions cap could lower the total super balance limits determining the ability for individuals to make non-concessional contributions.

Trustees must ensure any purchase from a related party is not a proxy for a loan or financial assistance to avoid breaching their obligations.

SMSFs could eventually have a mandatory annual performance assessment applied to them as an extension of the measure introduced for MySuper funds in the federal budget, technical experts have predicted.

Wind-ups of SMSFs fell to previously unseen lows in the 2020 financial year, resulting in a much higher number of net establishments compared to 2019, the ATO’s latest statistics reveal.

The process of indexation is likely to be applied to the concessional contributions cap from 1 July 2021 due to the effect of COVID-19, a sector specialist has said.