Date of article: 7 May 2010
Last updated: 11 May 2010
The Superannuation System Review released its report Self-Managed Super Solutions setting out the recommendations on self-managed superannuation funds.
The Chair of the review panel, Jeremy Cooper, said "Whichever way we look at it, SMSFs are here to stay, but we want them to focus more on investing for retirement savings, rather than related party transactions, collectables and leverage. Most SMSFs already do this so the vast majority of SMSFs will not be affected by these particular proposals. We think this will be treated as good news in the SMSF sector."
Recommendations include:
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