It was Queen Elizabeth who made the phrase, annus horribilis, such a memorable one.

The team at selfmanagedsuper would like to wish all our readers a Merry Christmas and Happy New Year as the publication signs off for 2016.

The arrangement and implementation for children receiving pensions will be made more complex and technical as a direct result of the $1.6 million transfer balance cap provision starting 1 July 2017.

The SMSF Association today said the latest ATO annual SMSF statistics painted a glowing picture of the sector, with new members and funds growth steady, and investment returns and expenses competitive with the Australian Prudential Regulation Authority (APRA)-regulated sector.

SMSFs have held the highest level of financial performance satisfaction compared to public sector funds, industry super and retail funds since 2007, but the complexity of the incoming super legislation could change this, according to the latest survey from Roy Morgan Research.