Well, what a surprise. After denial after denial the government finally acknowledged how unpopular its original proposed changes to the superannuation system were and eventually had to water them down.

When I began publishing selfmanagedsuper Trustee News, one of the missions I set myself was to cut through the unhelpful noise reverberating around the industry about the SMSF sector.

In the lead-up to December all the talk in the industry was about David Murray’s Financial System Inquiry and what the implications would be for SMSFs.

Many individuals establish an SMSF because they like the control and flexibility it gives them over their retirement savings.

David Murray’s Financial System Inquiry (FSI) has now handed down its report – one that thankfully did not contain any drastic recommendations regarding the SMSF sector.

My initial editorial for this publication touched on the continued attacks and criticism, the majority unsupported by fact, aimed at the SMSF sector.

The cost of running an SMSF has dramatically fallen over the past few years. Two areas in particular where we’ve seen a significant drop in prices are fund administration services and auditing.

Welcome to the selfmanagedsuper trustee newsletter, a publication designed to provide you with all the critical information across a range of topics that will help you run your SMSF in the most effective manner.