Passing on superannuation as an inheritance to children may be a benefit of the retirement income system, but it was not one of its intended purposes, two politicians have claimed.

An increase in the super guarantee levy may still go ahead at the scheduled time, but a decision on the matter will not be made until the first half of next year, a government minister has said.

A technical specialist has predicted indexation measures likely to be applied to the concessional contributions cap could lower the total super balance limits determining the ability for individuals to make non-concessional contributions.

The process of indexation is likely to be applied to the concessional contributions cap from 1 July 2021 due to the effect of COVID-19, a sector specialist has said.

A number of the 2020 federal budget announcements have the potential to strengthen the appeal of SMSFs, some technical experts have predicted.

Trustees who breach the COVID-19 economic relief measure in the 2020/21 financial year potentially face an adverse outcome that will be threefold, a technical expert has said.

Sweeping changes to superannuation in 2017 are still not fully understood but further changes are unlikely in the near future, according to a government minister.

The government has revived its plans to allow six-member SMSFs after introducing legislation into parliament to enact the change.

Individuals tend to overestimate the level of savings they need to fund a comfortable retirement, a senior financial adviser has said.