Over the past few editions of Technically Advanced we have looked at the changing super landscape from 1 July 2007. This changing environment signals an historic shift in the way financial advisers plan for retirement. Super will shift from a retirement savings vehicle where contributions are virtually unlimited and concessional benefits are capped, to a vehicle where contributions are capped but end benefits are unlimited (and for the most part tax-free!). Planning at retirement will be a thing of the past, with regular planning and strategy during the accumulation phase the new focus. Getting money into super has never been so important, or so fruitful with no RBLs, no compulsory cashing and tax-free benefits from age 60. Technically Advanced pities the Government who attempts to dismantle this super regime - it would be political suicide at its best.

In this edition of Technically Advanced we focus on the new undeducted contribution capping rules with UDCs under the new regime - capping rules and opportunities which appeared in Money Management magazine and we analyse the strategic opportunities of making a $1m UDC to super prior to 1 July 2007 in An undeducted opportunity not to be missed! which appeared in Independent Financial Adviser magazine.

Our Newsflash items in this edition follow on from the several articles we released in our last edition on the updated proposals announced on 9 September 2006. These include Self-employed - The forgotten no more, Age pension changes - The good and the bad, and Employer ETPs - The bad and the ugly.

Our Status of Tax Reform section delves into various ATO interpretative decisions, rulings and determinations that are of relevance to financial advisers. There have been some very important changes from a tax perspective that are a must read. The Status of Law Reform pages - What's Law and What's Pending - have also been updated to the end of November.