Articles by Darin Tyson-Chan

Pensions

Reserve allocations may need actuaries

The allocation of a reserve associated with a legacy pension may require actuarial services if more than one of these income streams exist.

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Documentation, Pensions

Deed key to stopping legacy pensions

Trustees need to pay particular attention to the details contained in the SMSF trust deed before commuting a legacy pension.

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Pensions

Stopping TRIS in retirement needless

Replacing a retirement-phase TRIS with an account-based pension is unlikely to lessen any administrative processes for SMSF trustees.

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Division 296, ECPI, Pensions, Tax

Accumulation exits best for Div 296

Self managed superannuation fund, Self managed super, SMSF, total super balance, Division 296 tax, Division 296, withdrawals, accumulation, Colonial First State, Craig Day, exempt current pension income, ECPI

Drawdowns to manage the proposed Division 296 impost should be made from the accumulation interest of SMSF trustees to achieve an optimal tax outcome.

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Documentation, Investments, Trusts

Past borrowings okay for 13.22C trusts

A unit trust or company can have previously employed a borrowing arrangement and still allow for an exempt SMSF in-house asset investment under SIS Regulation 13.22C.

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Division 296, SMSF, Superannuation, Tax

Personal injury a Div 296 escape

Any individual who makes a superannuation contribution stemming from a personal injury insurance payment will not be captured by the Division 296 tax.

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Division 296, Documentation, SMSF

Proposed tax necessitates SAR change

The reporting regime for SMSFs is having to be modified due to additional information that will be required for Division 296 tax calculations.

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Division 296, SMSF, Tax

SMSF double whammy from new tax

SMSFs trustees face paying tax on both unrealised and realised capital gains as a result of the proposed Division 296 tax.

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Contributions, NALI/NALE

In-specie transfer not a NALE trigger

An in-specie transfer an SMSF member makes with no purchase amount should not trigger the non-arm’s-length expenditure provisions.

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Retirement

Australian retirement mood improves

The optimism and confidence Australians have toward their own retirement has significantly improved over the past few years.

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