Important takeaways from recent BDBN cases
Nicholas Ali, SuperConcepts
Two recent cases highlight the importance of a valid Binding Death Benefit Nomination (BDBN) and succession planning, especially who control
Up-to-date, specialised strategy is core component of an SMSF professional’s arsenal. SMSF Adviser analyses and interprets regulatory and legislative changes to ensure the SMSF sector is kept informed on the tips, tools and best practice for serving SMSF trustees.
Two recent cases highlight the importance of a valid Binding Death Benefit Nomination (BDBN) and succession planning, especially who control
There has been much discussion surrounding the updated Independence Guide, published by the APESB and professional accounting bodies, concer
Superannuation death benefits should continue to be a legitimate source of excepted trust income distributions, despite the new testamentary
The recent decision of Sutton v NRS(J) Pty Ltd [2020] NSWSC 826 highlights the importance of having original executed copies of all consti
The introduction of ATO instrument SPR 2020/1 has allows LRBAs to be arranged in a slightly different way, and potentially makes it easier
A recent change to the tax treatment of income from super in a testamentary trust may require some SMSF clients to update their estate plans
While recent legislation regarding excepted trust income and testamentary trusts raises a number of wider estate planning concerns, there is
The Accounting Professional and Ethical Standards Board (APESB) has released a new independence guide representing a significant change to
The end of financial year is not only a good time to review your clients’ tax position, but is also an opportunity to help them make the m
In this second article of my four-part series, we look at the compliance issues surrounding property development and LRBAs.
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