With the election date locked in and the battle lines drawn, this election presents itself as a bit of a turf war between self-managed superannuation funds (SMSFs) and the rest of the superannuation industry.

The Labor party has released a number of proposed changes to superannuation which will likely have a far greater impact on SMSFs than other types of funds. These include a reduction in the annual non-concessional contribution limit to $75,000 (from $100,000), reducing the income threshold to $200,000 (from $250,000) for the additional 15 per cent tax on contributions and the well-publicised changes to franking credits.