Further technical detail needed on new super measure
While the government’s plans to staple existing superannuation accounts to members is a welcome measure, there are still some technical details relating to multiple accounts and insurance which the government will need to address, says Heffron.
As part of its Your Future, Your Super package, the government revealed plans in the federal budget on Tuesday to staple existing superannuation accounts to a member in order to avoid the creation of a new account when the person changes their employment.
Read more at SMSF Adviser.
