Make sure you get your SMSF finance in place, before time runs out

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The next federal election is due to be held in late 2018 or early 2019 and if Labor wins this election it has plans to introduce legislation to stop SMSF... Read more continue reading

What is in an SMSF name change? Quite a lot actually…

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Townsends Lawyers often receives enquiries from clients who wish to change the name of their SMSF, due to a number of reasons, and are now wondering how to make sure... Read more continue reading

Accountants had a duty to keep the BDBN safe and duty to bring to attention of SMSF trustee that they held the BDBN – Court case

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A significant decision has been handed down by the South Australian Court of Appeal. The critical issue was whether a binding death benefit nomination (BDBN) was valid. If valid, then... Read more continue reading

SMSFs with more members shun higher risk investment

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The greater the number of members in an SMSF, the more risk averse they become, according to a new research report – Gender and group bias in SMSF allocation –from... Read more continue reading

Lower investment returns stretch SMSF investment goals

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A weaker investment outlook that indicates returns will be lower for longer means SMSF retirees need more savings to achieve their retirement goals. The amount needed for a 65-year-old SMSF... Read more continue reading

Estate planning benefits can make a low-balance SMSF worthwhile

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As estate planning and SMSF specialists, would we advise a client to set up a self-managed super fund (SMSF) in order to achieve a better estate planning outcome? Even if... Read more continue reading

Changes to succession laws in Queensland to affect blended families

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Walt Disney did stepmothers no favours when he created “Maleficent”, the wicked stepmother in “Snow White”. Thanks to her it is now a given that stepmothers are out to do... Read more continue reading

SMSFs and crowdfunding: a match made in heaven or hell?

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Self-managed superannuation funds (SMSF) will shortly be able to invest in potentially high-growth unlisted companies, as a new era of crowd-sourced equity funding begins. The Federal Government’s Corporations Amendment (Crowd-sourced... Read more continue reading

Licensing just the tip of the iceberg for true SMSF compliance

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The latest moves from ASIC indicate that it has drawn the line on SMSF compliance – and it’s a hard one. The message is clear: get your SMSF house in... Read more continue reading

What can be done when an SMSF trust deed contains a mistake or typo?

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We often get asked by our clients, what can be done when their SMSF Trust Deed contains a mistake or typo. Formalities are necessary and a deed of rectification may... Read more continue reading