Superannuation

We understand self managed super in the estate plan.  In the highly regulated and complex field of self-managed superannuation funds, our team are members of the SMFS Association and understand the benefits of involving our accredited SMSF Specialist Advisor™ (SSA™).

Self managed superannuation funds have become popular vehicles for managing estate planning. However, the traps are numerous and varied.  From borrowing rules to related party transactions and in-house asset rules, non-compliance can render the fund non-compliant under superannuation and tax laws and render estate plans vulnerable to scrutiny and challenge.

Care must be taken to ensure there is compliance with the sole purpose test, borrowing rules and acquisition of assets. We review our clients’ deeds for estate planning certainty and where appropriate prepare documents and strategies to “hard wire” required outcomes. Whether or not to include a superannuation Binding Death Benefit Nomination in your estate plan should be a matter of expert advice. Appropriate advice should be obtained to ensure a fund is complying with current legislation.

Team

Rod Jones

Partner

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