The SMSF community has had some wins recently, with the government abandoning its proposed related-party transaction restrictions and the progressive introduction of a $35,000 concessional contributions cap in lieu of what would have been a complex system for determining higher cap eligibility.

The Small Independent Superannuation Funds Association (SISFA) believes constant super changes are testing the patience of ordinary Australians wanting assurances their retirement savings won’t be raided to fund budgetary shortfalls, despite the proposed interplay with the Council of Superannuation Custodians.