IPA: Increase contributions caps, remove work test & 10% rule

The Institute of Public Accountants (IPA) has made a number of recommendations for improving the superannuation system to the Financial System Inquiry:

  • Increasing the Concessional Contributions Cap
  • Maintaining the Low Income Superannuation Contribution (LISC)  or increasing the Co-Contribution

FSI Submissions – SMSF Borrowing and LRBAs

The Financial System Inquiry (the Murray Inquiry) has begun to release the submissions received, many of them make recommendations about SMSF borrowing and Limited-Recourse Borrowing Arrangements (LRBAs).

The Financial Planning Association (FPA), noting that SMSF borrowing has been