Lump sum payments from death benefit pensions
My client, who is under age 60, would like to take a lump sum payment from a death benefit pension....
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Can your client retire despite receiving income protection benefits?
Being regarded as “retired” for superannuation purposes has some very important benefits. Not only...
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COVID-19 relief extension announced
The announcement by the ATO to extend COVID-19 relief to SMSF trustees due to the financial impact...
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SMSFs investing in unlisted companies
My client wants their SMSF to buy shares in an unlisted company. My client won’t control the...
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Buying SMSF investments from an estate
My client is a beneficiary of their uncle’s estate. They are wondering if their SMSF can buy an...
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My clients want to use the new 6 member rule for their SMSF to include their 4 children – can they? Should they?
The first question is simple – they can. This legislation has passed and takes effect from 1 July...
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SuperStream & SMSFs - How will the changes impact me?
SuperStream is an electronic gateway used to streamline the process of making superannuation...
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Director IDs
The director ID regime is a new initiative requiring all company directors to have a unique...
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Co-directors and related parties
A friend and I are co-directors of a small private business. Surely we’re “related parties” for...
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Non-arm’s length expenses (NALE) – where are we at?
Historically, the income of a fund has been taxed as non-arm’s length income (NALI) (ie at 45%...
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Costs of educating SMSF trustees
My client is the trustee of an SMSF. He’s unhappy with the performance of the fund’s investments...
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“As soon as practicable” – what does that mean in practice?
My client recently died. I know superannuation death benefits need to be dealt with “as soon as...
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