I previously ordered an SMSF from you. Since the laws have changed so much, do I now need to upgrade it?
Whilst your deed may contain some terminology which has been superseded by the new provisions, it is drawn sufficiently broadly to allow for the relevant changes to be accommodated.
However, for funds where members are looking at commencing a new pension (including a transition to retirement income stream), or moving existing allocated pensions into the new account-based pension structure, it may be worthwhile to update the deed. Our revised deed is up to date, incorporates the new superannuation terminology, and addresses some specific Simpler Super issues.