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Tax

Are BDBN’s effective in achieving your estate planning wishes?

Amanda Guruge, November 10 2021

Binding Death Benefit Nominations (‘BDBN’) direct trustees to pay death benefits of a member in line with the member’s wishes. They are useful documents that assist in avoiding messy dispute about an estate – however they need to be executed properly to be effective and be in line with the member’s wishes.

Getting your investment strategy for your SMSF right is vital!

Amanda Guruge, October 28 2021

Have you considered your SMSF’s goals and objectives before investing SMSF money? In 2019, the ATO increased its focus on SMSF investment strategies, in particular diversification. The ATO’s focus was aimed to educate Trustees of SMSFs to consider diversification, risks, cash flow, liquidity and insurance when making investment decisions for the...

Budget 2022- SMSF residency

Bruce Collins, July 13 2021

Changes to Superannuation Residency Rules – Budget 2021-2022 Announcement For individuals with a self-managed superannuation fund (‘SMSF’), the Government has announced several changes to the residency requirements of maintaining a SMSF, which will ensure that more SMSF’s maintain their complying status whilst members are overseas.