Yesterday, Treasury released exposure draft regulations to allow people to exit certain legacy pensions. This expands on and supports implementation of the 2021–22 Budget measure to allow exiting certain legacy retirement products.
For some this will be highly welcome news!
In the next SMSF Online Update, Bryce Figot will unpack these regulations in detail, discussing:
- What will be covered
- What will not be covered
- What advisers need to tell their clients now in order cover for the possibility of death between now and the changes taking effect.
You can watch the next SMSF Online Update live, or watch a recorded version.
To register, visit https://www.dbanetwork.com.au/dbalawyers/seminars3/1119/1683/SMSF-Online-Updates.html
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This article is for general information only and should not be relied upon without first seeking advice from an appropriately qualified professional. The above does not constitute financial product advice. Financial product advice can only be obtained from a licenced financial adviser under the Corporations Act 2001 (Cth).
Note: DBA Lawyers presents monthly online SMSF training. For more details or to register, visit www.dbanetwork.com.au or call 03 9092 9400.
For more information regarding how DBA Lawyers can assist in your SMSF practice, visit www.dbalawyers.com.au.
By Bryce Figot ([email protected]) Special Counsel, DBA Lawyers
DBA LAWYERS
18 September 2024
