Articles by Darin Tyson-Chan

Death benefits

Death benefits vary for TBC, TSB

death benefits TBC TSB

Advisers need to be aware of the differing treatment of a death benefit pension with regard to the transfer balance cap and the total super balance.

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NALI/NALE

NALE solution may already exist

NALE LCR

The NALE provisions regarding general expenditure may not be as severe as first thought due to details regarding these items in the ATO’s ruling.

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Superannuation, Tax

Pre-election promises important to budget

election promises budget

The peak SMSF industry body is hopeful the Albanese government will stick to its pre-election commitments when it hands the budget down next week.

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LRBA

LRBAs may need several bare trusts

LRBA bare trusts

The acquisition of properties with associated assets under an LRBA can create the need for SMSF trustees to create more than one bare trust.

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Property

Household Capital, Genworth form partnership

Household Capital Genworth

The completion of its latest capital raising exercise has seen Household Capital add Genworth as a new strategic business partner.

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Cryptocurrency

NFTs limit audit actions

Practitioners auditing an SMSF with an investment in a non-fungible token (NFTs) will have few available avenues to deal with these assets.

Practitioners auditing an SMSF with an investment in a non-fungible token (NFTs) will have few available avenues to deal with these assets.

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Pensions

Common strategies endanger CSHC

pension health card

The ability for SMSF members to receive the Commonwealth Seniors Health Card can be compromised by two common pension strategies.

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Estate Planning, Technology

Midwinter, Inherit Australia strike deal

A new agreement will see data integration from the Midwinter financial advice software into the Inherit Australia estate planning tool.

A new agreement will see data integration from the Midwinter financial advice software into the Inherit Australia estate planning tool.

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Pensions

ATO pension discretion needs care

ATO pension discretion

Best practice dictates advisers adopt a conservative approach where an SMSF client is relying on ATO discretion regarding a minimum pension breach.

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LRBA

Compliance risk from LRBA default

LRBA loan guarantor

The instance of a lender to an SMSF exercising an LRBA guarantor clause could lead to a compliance breach of superannuation (SIS) law.

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