Having made substantial inroads into the analysis of our Future of SMSF survey, we have seen some fascinating insights into the many challenges and opportunities confronting practitioners supporting their SMSF clients. We know that the super reforms have had a massive impact on practices, but this is only a small part of the overall jigsaw. …
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On the 24th August 2018 the Queensland Supreme Court handed down a judgment in the case of Narumon Pty Ltd as Trustee for the John Giles Superannuation Fund (the Narumon case) that is likely to cause shockwaves in the SMSF Deed and document industry with potential risks to Advisers preparing and managing documents for clients…
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A Member may appoint a Guardian by Deed so that upon the death of the Member the Guardian will police the payment of the Member’s death benefits to their intended recipients and will have the casting vote in relation to those payments and any matters pertaining to their payment. This is very beneficial for blended…
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The super reforms from 1 July 2017 have introduced a range of new concepts for post-retirement, along with an obligation to report amounts being transferred into retirement phase so that it is assessed against each member’s $1.6 million transfer balance cap. The cap is designed to limit the amount of capital that can be…
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It’s been fair to say that the past 18 months have been hectic – sure, our clients have been impacted substantially by the super reforms, but at a practice-level, these changes have arguably been as profound (maybe more) for you as a practitioner. Adjustments for the introduction of the transfer balance cap (TBC), regular reporting…
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