Superannuation and SMSF

/Superannuation and SMSF
Superannuation and SMSF 2017-04-28T11:38:13+00:00
man facing a wall full of arrows

The superannuation changes coming into effect on 1 July 2017 are the most significant in a decade. What are the changes and the issues that you need to be discussing now?


No matter where we turn – change seems to be a constant part of everyday life. In early May 2016, the government brought down a budget that heralded significant changes to superannuation. At the time of writing most of the superannuation announcements were due to take effect from 1 July 2017.

Pink Piggy Bank Marked Super

The frenzy and speculation that occurs sometimes in the media on the topics of super, retirement, and age pensions is nothing unusual.  To give you an idea, of the 57 pages outlining the legislative documents and committee reports since 1900, 51 pages (90 per cent) refer to the changes that have occurred since 1983. So, what does this all mean for you and I?

Golden egg in a nest

For today’s Australians, their retirement experience will be entirely different to that of their parents. At some point most will take a greater interest in their super and want greater engagement, more control and to make their own decisions on strategies and pension-phase outcomes. Which option is the most suitable to you? Industry super or SMSF?

Couple with piggy bank and coins on the table

Under the Superannuation Industry (Supervision) Regulations 1994 – Reg 4.09, all SMSF trustees must regularly review their investment strategy which includes whether all trustees have the need for insurance or not. We’ve previously discussed underinsurance in Australia and in much the same way, SMSF trustees need to consider the insurance needs of their members.