The benefit of hindsight is a wonderful thing, in particular when it came to the way many practitioners dealt with the payment of income streams for their SMSF clients. Before 1 July 2017, where a member was 60 years or over, it really didn’t matter how the benefit payments were paid as the pension was…
As we’ve moved through a phase of implementation with the superannuation reforms from 1 July 2017, a range of relatively small, but important issues have been flagged with Government regarding the treatment of Market Linked Pensions, and death benefit rollovers. Market Linked Pension commutations For Market Linked Pensions, any pre-existing income stream was initially…
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…
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…