Trustees of self-managed superannuation funds (SMSFs) are furious at the proposed changes to super in the Federal Budget. They feel they've made serious efforts and sacrificed lifestyle to self-fund their retirement and are especially disappointed at those changes with a retrospective element.

"I am livid. We have been encouraged by government to save for retirement in an attempt to be independent. Now we are at risk of being dudded for trying to be responsible," says SMSF trustee Diane*.