Once an industry saviour, still its friend
Simon Hoyle, Professional Planner I 23 February 2017
Looking at the self-managed super fund sector today, it seems hard to imagine that a mere decade and a half ago it could have gone extinct. In 2017, more than a million individuals rely on more than half a million SMSFs as their vehicle of choice to accumulate retirement savings and generate income during retirement. SMSF assets stand at more than $600 billion. But in mid-2002, Andrea Slattery, now chief executive and managing director of the SMSF Association, was approached by the Australian Taxation Office (ATO) to “do something” to represent the sector in the face of legislation that would have, for all intents and purposes, shut it down.
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