There is no doubt self-managed superannuation funds are unnecessarily complex, so top of next year’s wish list is the long-running call for greater simplicity.
With self-managed superannuation funds recently ticking over $1 trillion in assets, which are spread across more than 1.15 million members, and a growing number of individuals establishing a fund at an earlier age, it’s a reasonable proposition that the sector is in good health.
But that doesn’t rule out the need for change. So, on the cusp of 2025, what’s on our wish list to improve the SMSF sector? Being an election year, it’s probably overly ambitious, but, as Mahatma Gandhi famously said, “If you don’t ask, you don’t get.”
