Control of an SMSF on a member's incapacity or death
My client has chosen her spouse as her attorney in the event that she loses mental capacity but her...
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SMSF Death Benefits
The term “as soon as practicable” appears several times in tax and superannuation law – it’s never...
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Can an attorney under an Enduring Power of Attorney (EPOA) make or renew a binding death benefit nomination (BDBN) for a member?
Historically this question has been difficult to answer. While there does not appear to be any...
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Death of a spouse when both members of a couple have pensions – how are these managed?
The 1 July 2017 changes to superannuation pensions introduced a new rule of thumb – most people can...
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What happens to my client’s superannuation when they die?
While most practitioners would be aware that superannuation is not covered by the deceased’s will...
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My client’s husband died in March 2018. On his death, his account based pension automatically reverted to her. When will the value of this pension count towards her Total Superannuation Balance?
Your client became the “owner” of the pension on the day of her husband’s passing. This means the...
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My client’s wife died in August 2017. On her death, her acc based pension automatically reverted to him. When do I need to complete a TBAR to report the reversion of the pension and what do I show?
The TBAR system revolves around the reporting of “events”, hence the name “events-based reporting”.
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Does the minimum pension need to be paid in the year the pensioner dies?
It depends on whether the pension reverted (continued automatically) to a reversionary beneficiary...
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Death and transfer balance cap reporting
A question that has already come up in our practice several times relates to clients who died before
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