SMSF trustees whose property is acquired through compulsory acquisition can purchase a new property, classify it as their main residence, and still qualify for the 10-year criterion as per the downsizer contributions rules, according to an industry expert.

SMSF trustees and members should contemplate difficult issues, such as what will happen to the money in their fund if they are diagnosed with a terminal illness, as there are tax advantages to consider, a superannuation expert has said.