Dan and I are each presenting sessions at the CA ANZ 2017 National SMSF Conference in Sydney September. I’m presenting ‘Getting to Know Transfer Balance Account’ and Dan is presenting on Exempt Current Pension Income. It should be a great conference. For more information see http://www.cvent.com/events/national-smsf-conference-2017-sydney/event-summary-385c2d0597d142a0aac055b6fc89a426.aspx * * * This article is for general information [read more]
We are excited to announce that we have received the Highly Commended SMSF Document Provider Award at the 2017 SMSF Awards organised by leading industry resource, SMSF Adviser Magazine. The award shows that the SMSF industry has recognised and acknowledged the quality of our documents and the timeliness by which we provide them. DBA Lawyers [read more]
Co-authored by Daniel Butler, Director, DBA Lawyers Due to the complexity of the rules and the importance of complying with the law in relation to the pension exemption, we examine the two methods for calculating ECPI in respect of account style pensions (ie, account-based, allocated and market linked pensions) under the Income Tax Assessment Act [read more]
Daniel Butler and Bryce Figot are senior fellows at Melbourne University’s Law School, lecturing the intensive subject ‘Taxation of Superannuation’. Typically, the intensive subject only runs annually or biennially. However, Melbourne University has organised several lectures open to the public regarding the upcoming superannuation reforms. For more information click here or contact Melbourne University: Claudine [read more]
Co-Author Bryce Figot, Special Counsel, DBA Lawyers Treasury recently released some potentially game-changing exposure draft legislation in relation to limited recourse borrowing arrangements (‘LRBAs’) and their interaction with the transfer balance cap and total superannuation balance provisions. These are significant changes for Fund trustees considering entering into an LRBA in the future. Importantly, the amendments [read more]
DBA Lawyers is Australia’s leading SMSF law firm. We have been refining our SMSF deed for well over 20 years, making it the best SMSF deed available. Additionally, our SMSF deed contains numerous ‘value-added’ advantages that set it apart. Accordingly, our SMSF deed offers many benefits that are not found anywhere else. All of the [read more]
SMSF trustees that wish to continue as Qualifying Recognised Overseas Pension Scheme (‘QROPS’) will need to provide an undertaking to Her Majesty’s Revenue and Customs (‘HMRC’) that they are aware of certain changes to the UK tax rules that apply to QROPS transfers. These changes are discussed in detail below. The undertaking using HMRC form [read more]
DBA Lawyers has recently been inundated with requests for up to date pension documents. Our suite of pension documents is fully up to date, including partial commutation documents with a tick-a-box option allowing the partial commutation of pension capital to just under a member’s personal transfer balance cap. Also, changes to the Superannuation Industry (Supervision) [read more]
By: Daniel Butler, Director, DBA Lawyers and Philippa Briglia The information below is a broad snapshot summary of recently enacted super reform measures as at 20 December 2016. Note, further reforms have yet to issue. The reforms outlined below largely apply from 1 July 2017 unless stated otherwise. Transfer balance cap A transfer balance cap [read more]
Transfer balance cap As the key super reforms (primarily contained in the Treasury Laws Amendment (Fair and Sustainable Superannuation) Act 2016 (Cth)) is now law, it is an ideal time to consider the impact of the superannuation reforms on succession planning. The focus of this article is the interaction between pensions payable to minor children [read more]
