The Federal Government has received a further call to stop tinkering with the superannuation policy settings – this time via research conducted by Rice Warner on behalf of the SMSF Professionals' Association of Australia (SPAA) and Vanguard Investments.
The survey, released last week, revealed that one of the issues most concerning self-managed super fund (SMSF) advisers and trustees is policy tinkering by Government, particularly around the superannuation tax settings.
Commenting on the research, SPAA chief executive Andrea Slattery said it confirmed what her organisation had been saying for a long time – that continual change to superannuation and the tax regime around it is undermining our universal system.
"What people want from Government is certainty about the rules governing their retirement savings, and this survey clearly indicates they believe they are not getting this," she said.
"From SPAA's perspective, this survey sends a clear message to all political parties: stop moving the superannuation goal posts to allow people to make long-term plans for their retirement," Slattery said.
Her concerns were echoed by Vanguard market strategy and communications principal Robin Bowerman, who said trustees of SMSFs were stating loud and clear that the Government's constant tinkering with contribution rules and tax positions was beginning to seriously undermine confidence in superannuation.
