News and Insights

Self-managed superannuation funds (SMSFs) are a type of trust. This means that one or more trustees must be appointed to control the fund. But who is best placed to act in this important role?  There are several important considerations to give thou

The Prime Minister has confirmed that concessional tax rates will change from 15% to 30% for people with more than $3 million of superannuation. While this change will not come into force until 2025-2026, it will impact around 80,000 people. These c

If you have a self-managed superannuation fund (SMSF) with a corporate trustee company as trustee, then each director will need a director ID – and beware, there is not much time left to obtain one before the cut off. What is a director identific

Yes, it is possible to set up a single member SMSF. Although, there are a number of rules and requirements which must be met in order for a single member fund to be considered a compliant single member SMSF. It is important if you are considering est

How long can Binding Death Benefit Nominations last for?   The High Court’s decision On 15 June 2022, the High Court unanimously dismissed an appeal from a decision of the Court of Appeal of the Supreme Court of Western Australia, in the case o

If you have superannuation, then the chances are that you have heard of a transfer balance cap (TBC). But how do these impact your super after your death, and how can you ensure your wishes are carried out when you die? TBCs were introduced on 1 July

With an ageing population and the maturing of self-managed super funds (SMSF)s, incapacity is an issue being faced more frequently by trustees and members of SMSFs.   Incapacity poses several difficulties for member and trustees of SMSFs, not least

Many people do not start out with a self-managed super fund (SMSF) thinking about the worst that could happen! Usually, clients are keen to get the SMSF established and often have questions about the day-to-day operation of the fund. Rarely do they a

Until recently, self-managed super funds (SMSF) and small APRA funds allowed for a maximum of four members. However, this changed on 1 July 2021 through the Treasury Laws Amendment (Self Managed Superannuation Funds) Bill 2020 which amended section 1

Couples engaged in property settlement negotiations or court proceedings prior to the COVID-19 crisis currently face a difficult choice: should the negotiations be suspended until the crisis ends or should negotiations and property settlement matters