Articles by Darin Tyson-Chan

Pensions

MYEFO offers legacy pension fix

legacy pension solution

A potential solution for situations where a new market-linked pension gives rise to a transfer balance cap breach has been included in the government’s Mid-Year Economic and Fiscal Outlook.

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Pensions

Cashless pension commutations problematic

Cashless pension commutations

Adverse tax outcomes can result from full commutations of pensions involving in-specie transfers, a technical services manager has warned.

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Fixed Income

Correct fixed income assessment critical

fixed income performance

A fixed income specialist has advised individuals to closely examine performance measures of bond funds in the current low interest rate environment.

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Documentation

ATO wants specific e-signing protocols

Electronic signature SMSF

The ATO has confirmed trustees will have to ensure proper protocols are followed when using electronic signatures to approve SMSF financial statements.

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Insurance

Tax benefit can’t justify SMSF risk cover

insurance SMSF

A technical mentor has warned against using tax deductions and cash-flow convenience as justification to hold insurance cover within an SMSF.

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Superannuation

Cost-competitiveness of SMSFs proven

SMSFs running costs

SMSFs with balances of $200,000 or more are as cost-effective as public offer funds, new research into running costs has shown.

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Investments

Alternatives to rescue portfolio construction

alternative investments portfolio

A global funds management house expects alternative investments to provide greater support for traditional asset classes in the coming 10 to 15 years.

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Auditing, Documentation

Trustees have SAN misuse duty

trustees san misuse

SMSF trustees have been reminded by the ATO it is their responsibility to ensure their fund has not fallen foul of tax agents misusing SMSF auditor numbers.

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Strategy

Separate SMSFs an internal conflict solution

Separate SMSFs member conflicts

A specialist lawyer has suggested establishing separate SMSFs can help avoid member conflicts while still achieving the desired investment objectives.

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Investments

Stock mania should be avoided

stock market exuberance

Investors need to be wary not to get caught up in market exuberance that may lead to the purchase of significantly overpriced stocks, a senior wealth management executive has recommended.

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