A key benefit of having your super in a SMSF is that you can choose who ultimately benefits from particular assets within your fund when you die.
An 'Ancillary Fund' is a special type of trust that can be used to collect and distribute donations for charitable purposes. The Fund can be set up through a trust deed while you are alive, or through your Will. Importantly, the Fund does not undertake charitable work itself, but can be used as a collection point to pool donations and then distribute them to charities and causes, as decided by the trustees.
What happens to my SMSF if I become a non-resident?
- Is your commercial lease compliant with the PPSR regime? GalleryAreas of Law, Business, Business Interest, Commercial/Business, Facebook Published, LinkedIn Published, Marketing, Newsletter Published, Newsletters, PPSR, Property, Twitter Published, Wealth
Is your commercial lease compliant with the PPSR regime? You need to know the answer to this question. Everyone has heard about the Personal Property Securities Register (PPSR), which came online on 30 January 2012. The implications of the new registration system are still not widely known. For many people the need for registration is only discovered after it is too late.
You’ve decided that a Financial Agreement is right for you. So what happens next?
A ‘Binding Financial Agreement’ is a way for couples to put in writing what they would like to happen to their property if their relationship breaks down, or if their relationship has already broken down and can avoid costly disputes.
If you die with money left in super, there are a number of things you need to think about. Most importantly, who will get your super, and what tax will be payable?
Not all Trust Update Services are equal (or in some cases, even necessary...). Before you get your trust deed updated, make sure that it's necessary and that the changes will achieve what they need to.
Property is relatively easy to buy - and even easier to buy with a friend. But if you haven't planned for when things go wrong, the whole exercise can turn into an expensive debacle.
It is similar to buying a car – up to a certain price, you get what you pay for. But getting your estate planning done correctly is a little more important than buying a car – you only die once. Here are some things to weigh up when considering your options.
A “Discretionary Trust” is a commonly used structure for holding investments and carrying on small to medium sized businesses. What are the advantages of using a Discretionary Trust?
We often get asked whether it is better to have a ‘company trustee’ or ‘individual trustees’ for a self-managed super fund. This question gets asked both when we are setting up a new super fund, and when we are reviewing an existing super fund.
'Testamentary Trusts' come in all shapes and sizes. From the very simple, to the super sophisticated. This article discusses some of the more common options you may wish to consider for your Testamentary Trusts.
- How do I use superannuation to minimise taxes, protect and build wealth and provide tax-effective benefits for me and my family in my retirement and on my death? Gallery
How do I use superannuation to minimise taxes, protect and build wealth and provide tax-effective benefits for me and my family in my retirement and on my death?
How do I use superannuation to minimise taxes, protect and build wealth and provide tax-effective benefits for me and my family in my retirement and on my death?Andrew2019-01-15T10:01:20+09:30
Superannuation is now an important part of all wealth-building and retirement strategies. We discuss the key issues that you should consider when setting up your superannuation strategy to make sure you and your family get the full benefit that superannuation can offer.
New South Wales Stamp Duty Concessions on Transfer of Property from a Member to a Self-Managed Superannuation FundAndrew2018-08-07T09:49:15+09:30
In certain circumstances you can now transfer NSW real property to your super fund with only nominal stamp duty.