SMSFs transacting with former spouse, cousins or friends

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A question we get from time to time is whether the trustee(s) of an SMSF can enter into transactions with a fund member’s former spouse whether the transaction is a... Read more continue reading

What happens when the last surviving trustee dies?

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Mary being the sole individual trustee of her trust has recently passed away. Her daughter Sarah is her executor. Because Mary was the sole individual trustee of the trust this... Read more continue reading

SMSFs and binding death benefit nominations – where is your limit?

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The superannuation environment may offer great tax efficiency in passing a member’s death benefits to their dependents, however there is a rider – the member will not have full control... Read more continue reading

Ethics and SMSFs

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It was 1999 when self-managed superannuation funds (SMSFs) first became part of Australia’s superannuation landscape. Over the following twenty plus years, SMSFs have become a significant part of Australia’s $3... Read more continue reading

SMSFs looking to ride the cryptocurrency wave

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The growing interest in cryptocurrency investment in Australia has spread to the self-managed super fund (SMSF) sector, with funds attracted by the appeal of capital gains and the opportunity to... Read more continue reading

Can an SMSF member with a majority interest in the Fund expel another member? 

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The maximum number of members in an SMSF is expected to increase from 4 to 6 in near future. With economies of scale/pooling of resources, this could open doors to... Read more continue reading

Raiz Invest has SMSFs in its sights

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Raiz Invest, Australia’s largest mobile-first financial services platform, is targeting the $730 billion self-managed super fund (SMSF) sector as part of its strategy to accelerate the growth in its Funds... Read more continue reading

SMSF death benefits – the case for flexibility

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We often want certainty. In a world where there is increasing conflict between family members after a parent dies, and a greater propensity for children to challenge a deceased person’s... Read more continue reading

Uncertain future of attorneys making BDBNs for their principals

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While the facts of a recent NSW Supreme Court case, G v G (No.2) [2020] NSWSC 818, relate to a financial manager appointed under the NSW Trustee and Guardian Act 2009 (NSW)... Read more continue reading

Rice Warner research throws fresh light on SMSF costs

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A research report by the actuarial firm Rice Warner offers clear guidance to existing and potential self-managed super fund (SMSF) members whether this form of superannuation could be cost-effective and... Read more continue reading