Several years ago, defined benefit pensions were set up to comply with the rules governing retirement at the time. However, after several significant changes to the law, many SMSFs are looking to scrap these arrangements.Doug McBirnie details the options available to trustees wanting to make this move.

SMSFs can be a powerful structure in enabling the purchases of businesses in a succession planning context. Grant Abbott details how superannuation unrelated investment trusts can facilitate these types of strategies.

While a lot of attention is given to acquiring an SMSF property via a limited recourse borrowing arrangement, there are many other ways to achieve this goal. Tim Miller looks at some alternative approaches trustees can use to make a property purchase.

Trustees receiving a retirement income stream from their SMSF should ensure they are taking advantage of a unique tax deduction available only to them, Melanie Dunn writes.

David Shirlow examines the complexity of maximising superannuation contributions in a tax-effective manner when individuals turn 65.

It is easy to assume an SMSF would not be applicable for the majority of Australians falling into the generation Y demographic. Grant Abbott dispels this commonly-held view.

Strategic advice has resonated well with SMSF trustees, but the ability to provide it is challenging. An SMSF strategy system can make the process easier, writes Grant Abbott.

In the second part of this two-part series, Grant Abbott identifies the individual ingredients needed to construct a successful SMSF advisory business.