News

Estate Planning

Death benefit lump sums hinder estate expenses

death benefit lump sum payments

A senior superannuation consultant has warned lump sum death benefits can be restrictive when managing the financial obligations resulting from a deceased member’s affairs.

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Investments, Retirement

Longevity putting pressure on income investments

longevity pressure on income investments

Longevity in retirement will put pressure on income investments which are currently struggling to break even in a low-return environment.

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Residential Property, Retirement

DomaCom launches equity release product

transfer balance cap property

DomaCom has launched the first equity release product for retirees that is aimed at attracting allocations from the SMSF sector.

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Compliance & Regulation

SMSF responsibility lies with trustees

Engaging an adviser to help with an SMSF does not change who takes responsibility for the fund, with the law being clear this duty lies with the trustees.

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ATO

ATO pushes trustees’ valuation responsibilities

ATO; trustee; valuation

The ATO will accept asset valuations from trustees but has reminded them of their responsibilities in accurately sourcing that information.

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Investments, Superannuation

Where to now for SMSFs?

With the coming and going of the 2019 federal election, many SMSF trustees will have breathed a huge sigh of relief several Labor Party proposals that may have negatively affected their SMSF are – for now – off the political agenda. The proposal to ban refunds of excess franking credits that would have impacted on […]

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Estate Planning, Pensions

Wording can undermine BDBN

The effectiveness of a binding death benefit nomination (BDBN) can be compromised if the associated wording does not properly support the measure, an SMSF lawyer has warned.

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Commercial Property, Residential Property

Investors must recognise property characteristics

The differences in the yields and incomes of commercial and residential property need to be better understood by investors before they commit to a portfolio allocation, a property manager has said.

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Retirement

Cost of living for retirees remains stable

The cost of living for retirees shifted only marginally in the March quarter despite significant price rises for medical expenses and food, according to ASFA.

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Superannuation

Canberra assigns superannuation responsibilities

The second Morrison ministry will feature a new face with 20 years’ experience in the financial services arena to oversee the superannuation sector.

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