Articles by Darin Tyson-Chan

Multiple pensions an estate planning tool

May 19, 2022

Estate planning and contribution strategies can be contributing factors toward a decision for SMSF members to run multiple pensions within their fund.

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Pensions

Minimum pension cut offers TBC gain

May 18, 2022

Darin Tyson-Chan

Individuals can continue to create transfer balance cap space into the 2023 income year by using the extended reduction in the minimum pension.

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Contributions

Downsizer popularity continues

May 17, 2022

Darin Tyson-Chan

Many older Australians are taking advantage of the downsizer contribution provisions to allocate more money to their superannuation funds.

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Financial Planning, Pensions

Minimum pension reduction popular

May 12, 2022

Darin Tyson-Chan

A significant majority of retirees are taking advantage of the minimum pension reduction originally introduced for the 2020 income year.

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ATO, Auditing

SAN misuse on the rise

May 12, 2022

Darin Tyson-Chan

The ATO has found the misuse of SMSF auditor numbers on fund annual returns rose in the 2021 income year.

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Documentation

Unique deeds can be troublesome

May 12, 2022

Darin Tyson-Chan

SMSF trust deeds with unique clauses that may eventuate in the fund trustees having to take unwanted actions should be avoided.

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ATO, Superannuation

Wind-ups don’t need nil balances

May 11, 2022

Darin Tyson-Chan

A balance sheet indicating a fund has zero balances is not required by the ATO for an SMSF wind-up procedure to take place.

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Financial Planning

Net adviser movement concerning

May 11, 2022

Darin Tyson-Chan

The financial advisory sector is continuing to see a talent shortage even though fewer practitioners exited the industry in the March quarter of 2022.

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Contributions, Regulation