The changes in concessional and non-concessional contributions caps announced today could mean that some Australians can have additional disposable income to contribute to superannuation, according to the SMSF Association.
Members must look beyond the "doom and gloom" of the superannuation tax leaping from 15% to 30% and not be scared off from using SMSFs as an alternative retirement savings vehicle, according to an expert.
Reforms underway to expand financial advice will have positive ramifications for the SMSF and APRA-regulated sectors as it will ultimately uplift outcomes in the retirement phase for all Australians, industry experts say.
The recent focus on what retirement means to the superannuation industry has raised concerns about whether the SMSF sector needs to be more “open minded” when it comes to regulatory intervention.
The multitude of legislative changes and raft of complex issues will be unpacked by the experts at next month’s SMSF Association’s Technical Summit. The summit will be held on the Gold Coat from 2