Research shows it takes around nine months to travel from Earth to Mars, history tells us it’s the equivalent time of an average gestation period, and financial planning nous tells us that’s how much time there is to maximise the benefits from the federal government’s super changes, which will take effect from 1 July 2017.

The federal government’s non-concessional contribution (NCC) maximum threshold of $1.6 million has uncovered a set of new issues for the industry, with SMSF practitioners looking for answers to take back to their clients following the backflip on the lifetime NCC measure last week.

The federal government’s move to scrap the backdated limit of the $500,000 lifetime non-concessional contributions (NCC) cap for superannuation is mostly good news for retirement income planning, the Institute of Public Accountants (IPA) has said.