However, there are a large number of clients, he said, who are unaffected by the changes but are uncertain about whether they actually need to do anything to prepare for 30 June.

“The majority of your client base is probably not really impacted by these changes because they don’t have more than $1.6 million in super, let alone $1.6 million in pension phase,” he said.

“So it might be a good idea to give them a call and say, ‘Guess what, you just carry on as normal. There’s nothing that’s really necessary for you to do other than to report the value of your income stream when you’re required to report that but in terms of having to do anything with your pension, there’s nothing for you to do. You just continue on as per normal’.”

Mr Hogan said it’s probably a message that hasn’t been as well communicated to clients.

“There are a lot of people that are reading everything that’s going on and scratching their heads and saying, ‘Well, is anything changing for me?’ And the answer is not really, not at all,” he said.

“I know everyone’s been focused on talking to those clients who are impacted and you understand exactly why that’s the case, but maybe it wouldn’t hurt to contact those clients who aren’t affected and just tell them, if practitioners have the time – obviously everyone is busy at this time of year. But to the extent at which practitioners can do that, it might be a good idea.”