Articles by Darin Tyson-Chan

Documentation

Email issues complicate e-approvals

trustees digital signatures

SMSF trustees may be limited in their use of any measures allowing the use of digital signatures to approve fund documents due to their email set-ups.

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NALI/NALE

NALE cash settlement safer

NALE cash

Paying for SMSF services with cash so as to comply with the non-arm’s-length expenditure rules is unnecessary, but probably more prudent.

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Superannuation

Death not definitive in lump sum strategy

lump sum payment

A lump sum paid from super will not necessarily be treated as a death benefit even if the relevant member passes away before the payment is made.

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Regulation, Retirement

Carve-out a missed opportunity

retirement income carve-out

A chance to address retirement issues extending beyond investment themes may have been missed by excluding SMSFs from the retirement income covenant.

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Contributions, Tax

No TSB impact on business CGT contributions

business cgt contributions

The ability for an individual to make a small business capital gains tax contribution is not impacted by their total super balance.

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Estate Planning

Estate planning education still required

superannuation assets death

The treatment of superannuation benefits in the event of a member dying remains an area largely misunderstood by the general public.

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ATO, Retirement

Illegal early access on the rise

retirement early access

SMSFs being set up to allow individuals to access their retirement savings early and illegally increased last year and the trend is continuing.

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ATO, Contributions

Cap rule change not a strategic break

excess contribution charge

The scrapping of the excess concessional contributions charge in the Your Future, Your Super laws is not an opportunity to gain a tax benefit.

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Investments, Portfolio Construction

OpenInvest looks to bridge advice gap

financial advice OpenInvest

A new wealth platform has been introduced to the market that will give individuals better access to investment portfolios and financial advice.

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ATO, Superannuation

Temporary ESA solution complex

ESA SuperStream

The ATO has outlined a complicated solution to allow SMSFs with an ESA that is not rollover ready to receive a transfer of benefits.

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