News : BDBN

Call to scrap death benefit lump sum limit

February 12, 2025

Removing the limit on the number of death benefit lump sums should be made to enable fewer breaches of payment regulations.

August 12, 2024

It is prudent to place limits on any enduring power of attorney regarding an SMSF, particularly when estate planning strategies are involved.

June 3, 2024

Trustees do not have to choose between implementing a BDBN or reversionary pension to achieve their desired estate planning outcomes.

May 20, 2024

SMSF trust deeds covering multiple parameters for certain actions of the fund need to be given particular attention from a compliance perspective.

June 30, 2023

An effective SMSF estate plan must go beyond the survival of one party over another at the time of the relevant member’s death.

May 5, 2023

Executing a binding death benefit nomination is legally allowable, but exposes SMSF trustees to a significantly higher level of risk