SMSF entrants will hesitate to invest in self-funded retirement on the back of the Labor Party’s imputation credits policy proposal, according to the Institute of Public Accountants (IPA).

Practitioners in the industry have voiced their worries over the high increase in registration fees in order to fund the Australian Securities and Investments Commission (ASIC), according to one institutional body.

Removing the cash refunds for excess imputation credits for super funds will affect existing SMSF strategies and prompt a measured rethink for new strategies, a technical expert has said.