It was with much relief in the Mid-Year Economic and Fiscal Outlook (MYEFO) that the Labor Government responded to industry concerns raised about when a pension ceases at the death of a member. This announcement (currently as draft regulations) provided tax certainty for deceased estates, effectively continuing a fund’s tax exemption after the death of … Continue reading »
Whilst much of the focus of the Mid-Year Economic and Fiscal Outlook (MYEFO) has been on the need to find dollars ensure the Labor Government delivers a surplus, the report has delivered some much-awaited news for the superannuation sector the final outcomes of the Commissioner’s views regarding TR 2011/D3, in particular when a pension ceases … Continue reading »
A Happy New Year to all my readers… The 2010 year left behind an indelible mark for the self-managed super fund industry; much of it due to the key recommendations of the Super System Review (Cooper Review). The year ahead will see the beginnings of a new framework in which trustees and SMSF service providers … Continue reading »
With only a month until the end of the financial year, it is important for all trustees to consider a range of issues and opportunities to ensure that they are optimising the benefits of their SMSF. I have outlined below a list of 10 things to check and consider before 30 June: Ensure that you … Continue reading »