Maximum number of members to increase to six

Date of article: 2 May 2018
Last updated: 4 February 2019

The Minister for Revenue and Financial Services, the Hon Kelly O'Dwyer MP, announced on 27 April 2018 that the Government will change the maximum number of members in a self-managed super fund from four to six.

The Minister said that "The change will allow for greater flexibility and, given the growth in the sector to date, will ensure SMSFs remain compelling retirement savings vehicles into the future."

This proposed change has not been legislated.

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