Future of SMSFs
Before the disruption of the Coronavirus epidemic, the government confirmed it would go ahead with various proposals to improve the SMSF and super sector including flexibility measures. This included increasing the SMSF member limit, changes to the work test, bring forward rule and spousal contributions. However, since the epidemic, the earliest these measures could conceivably become law would be August. It is also not known whether the government will focus on economic recovery and put these flexibility measures on the backburner when Parliament finally resumes.
