The prospect of six-member SMSFs moved a step closer when the Treasury Laws Amendment (Self-Managed Superannuation Funds) Bill 2020 was recently introduced into parliament. If the bill is finalised as law in November, the increase to the maximum allowable number of members for an SMSF could commence as early as 1 January 2021. The bill proposes […]

A number of the 2020 federal budget announcements have the potential to strengthen the appeal of SMSFs, some technical experts have predicted.

New superannuation reforms will stop unintended multiple accounts being created by ensuring members can keep their fund when changing employers.

The superannuation sector has welcomed the absence of changes to the mechanics of the super system in this year’s federal budget.