In this episode of the SMSF Adviser Show, host Keith Ford is joined by Tracey Scotchbrook, head of policy and advocacy at the SMSF Association, to discuss the intricacies surrounding possible changes to the wholesale investor tests.

Scotchbrook explains the background to the current inquiry into the wholesale thresholds, including how SMSFs find themselves in a grey area between the standard $2.5 million threshold and the $10 million professional investor level, as well as why accountant’s certificates are no longer fit for purpose.

Listen as they discuss:

• How the stagnating levels have dramatically increased the number of Australians that meet the requirements.
• The complex regulatory framework surrounding financial services.
• Concerns around the disparity in regulatory costs between wholesale and retail advisers.

In this episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn are joined by Tim Miller, SMSF technical and education manager at Smarter SMSF, to discuss some of the contribution considerations advisers need to keep in mind ahead of 30 June.

Miller explains the concept of a ‘contributions matrix’ and how it can help SMSF members consider the future distribution of their superannuation funds, particularly in the context of blended families and estate planning.

Listen as they discuss:

• How to deal with benefit payments before the end of the financial year.
• The considerations around different fund assets from a tax perspective.
• What advisers need to be talking to their SMSF clients about.

In this special budget episode, hosts Keith Ford, Maja Garaca Djurdjevic, and Aaron Dunn discuss the outlook for financial advice and SMSFs on the back of a budget that revealed little in terms of detail for either sector.

They also take a look at some of the measures that were included, as well as why some high-profile topics were left out completely, such as the $3 million super tax being conspicuously absent.

Listen as they discuss:

• The need for more structural change within the taxation system to provide a meaningful impact.
• Why the headline-grabbing inflation predictions could be little more than a mirage.
• The missed opportunities to make a difference for advisers and clients.