There was a raft of announcements at the May federal budget that could impact the SMSF sector should the Senate pass these proposals later this year.
It can be challenging running an SMSF during these times of regulatory uncertainty. But Daniel Martinez, senior financial adviser and Authorised Representative of AMP Financial Planning, says the starting position is to assume the proposals will become law.
Superannuation is still one of the most effective financial strategies and the main form of retirement income for most Australians. While there’s no doubt investments and insurance are important when building your wealth, so too is managing your superannuation.