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…
Details
There’s a growing importance and complexity that comes with SMSF pension documents. For many practitioners, there’s a continued reliance on your SMSF software to prepare pension documents, which raises a number of risks and important considerations. In this webinar, we unpack many of these issues in comparing standard SMSF software templates to the newly updated…
Details
It has become common practice for SMSFs to maintain the currency of the deed due to ongoing changes in the law or outcomes from relevant case law decisions. It is however important to distinguish the different activities with a fund’s deed and how they will be deemed as capital in nature or deductible. Trust deed…
Details
It was fair to say that the announcement and initial fact sheet by the Labor Government to target the tax concessions in super for those with balances above $3.0m was met with an indifferent response – most importantly, the lack of detail in a number of areas will require Treasury to consult with industry to…
Details
With CPI having increased by 0.9% for the December 2020 quarter, we have seen the CPI figure move to 117.2, above the required figure of 116.9 for indexation to apply in respect to the transfer balance cap. This means that from 1 July 2021, the general transfer balance cap (‘general cap’) increases from $1.6 million…
Details