{"id":6224,"date":"2016-05-16T17:23:48","date_gmt":"2016-05-16T07:23:48","guid":{"rendered":"http:\/\/www.dbalawyers.com.au\/?p=6224"},"modified":"2020-10-29T17:49:11","modified_gmt":"2020-10-29T06:49:11","slug":"liberals-v-labor-different-election-outcomes-mean-smsf-pensions","status":"publish","type":"post","link":"https:\/\/www.dbalawyers.com.au\/announcements\/liberals-v-labor-different-election-outcomes-mean-smsf-pensions\/","title":{"rendered":"Liberals v Labor: what different election outcomes could mean for SMSF pensions"},"content":{"rendered":"<div class=\"gray-box\" style=\"background: none;\">Disclaimer: The following is based on my view of materials publicly available as at the date of writing (16 May 2016). I suspect that when more details become known about both parties\u2019 policies, some comments could become redundant.<\/div>\n<p>Australia votes on 2 July 2016 and never before has so much superannuation policy turned on one election. A Liberal victory could mean very different things than a Labor victory.<\/p>\n<p>In this article, I explore some of the ins and outs of each party\u2019s announced policies.<\/p>\n<div><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-6226\" src=\"http:\/\/www.dbalawyers.com.au\/wp-content\/uploads\/2016\/05\/Liberals-v-Labor-what-different-election-outcomes-could-mean-for-SMSF-pensions.jpg\" alt=\"Liberals v Labor: what different election outcomes could mean for SMSF pensions\" width=\"300\" height=\"300\" srcset=\"https:\/\/www.dbalawyers.com.au\/wp-content\/uploads\/2016\/05\/Liberals-v-Labor-what-different-election-outcomes-could-mean-for-SMSF-pensions.jpg 300w, https:\/\/www.dbalawyers.com.au\/wp-content\/uploads\/2016\/05\/Liberals-v-Labor-what-different-election-outcomes-could-mean-for-SMSF-pensions-150x150.jpg 150w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div>\n<h3>Labor<\/h3>\n<p class=\"blue-text\"><em>The policy<\/em><\/p>\n<p>Labor has been consistent with their policies for superannuation (including SMSF) pensions. Its position is as follows:<\/p>\n<p class=\"small-text indent-text\">\u2026 reduce the tax-free concession available to people with annual superannuation incomes from earnings of more than $75,000. From 1 July 2017, future earnings on assets supporting income streams will be tax\u2011free up to $75,000 a year for each individual. Earnings above the $75,000 threshold will attract the same concessional rate of 15 per cent that applies to earnings in the accumulation phase<\/p>\n<p class=\"small-text indent-text\">\u2026 capital gains will be grandfathered \u2026<\/p>\n<p class=\"blue-text\"><em>The drawbacks<\/em><\/p>\n<p>The key drawback I feel is that the above could be very difficult to implement for those with pensions from multiple funds. For example, consider an individual who receives pensions from two superannuation funds. The earnings from the assets supporting the first pension in the first fund might total $60,000. The earnings from the assets supporting the second pension in the second fund might also total $60,000. Accordingly, total earnings (ie, $60,000 + $60,000 = $120,000) exceed the $75,000 threshold by $45,000. This raises a tricky question: in which fund is the $45,000 excess subject to tax?<\/p>\n<p>I suspect that the most practical way of dealing with this problem is as follows. I stress that this is only what I suspect what would happen. Again, I have no special inside information.<\/p>\n<ul>\n<li>At the end of each financial year, each fund tells their pensioners what the associated pension assets earnings of the fund are by way of a document that is similar to a PAYG payment summary.<\/li>\n<li>Each pensioner has to lodge an income tax return with the total of all associated pension assets earnings from all funds. These figures would not constitute assessable income of the pensioner.<\/li>\n<li>If total associated pension assets earnings is greater than $75,000, the ATO sends the pensioner a tax bill calculated as the excess (eg, $45,000 in the above example) multiplied by 15%.<\/li>\n<li>The pensioner must give this bill to one or more for their superannuation funds to pay. The superannuation funds can adjust the tax bill by any deductions\/losses they have in the relevant year.<\/li>\n<li>The pensioner can only pay the tax bill him or herself if there is insufficient money in their superannuation accounts to pay the bill.<\/li>\n<\/ul>\n<p>Naturally, the above would be very paperwork heavy. Further, it would be mean that pensioners who might not otherwise have to lodge income tax returns would need to start lodging tax returns. However, I suspect the above \u2014 or some version of it \u2014 is what would be needed to make the Labor policy work.<\/p>\n<p>Another drawback is the question of what happens in respect of the sale of \u2018lumpy\u2019 assets such as real estate. Real estate can be quite low yielding in rent meaning that in most years the $75,000 threshold might not be used up. However, when sold, there could be a large capital gain. If this capital gain is greater than $112,500 (ie, $75,000 grossed up for the one-third CGT discount that superannuation funds currently get if the asset is held for more than 12 months), then the SMSF would pay tax at usual superannuation fund rates on the excess of the net capital gain over $75,000. However, some of the harshness of this would be mitigated by the fact that \u2018capital gains will be grandfathered\u2019. Also, there is no suggestion that the $75,000 threshold will be indexed.<\/p>\n<p class=\"blue-text\"><em>The pros<\/em><\/p>\n<p>Firstly, \u2018capital gains will be grandfathered\u2019. On one construction, this could mean that pension assets already owned in superannuation funds will remain CGT free upon sale. Alternatively, on a more charitable\/optimistic reading of the sentence, this could even mean that the second drawback doesn\u2019t even occur (ie, that there\u2019s no limit on the pension exemption that applies to capital gains). Alternatively, it could even mean other things.<\/p>\n<h3>Liberals<\/h3>\n<p>The liberals made three noteworthy policy announcements in the Budget.<\/p>\n<p class=\"blue-text\"><em>The first policy<\/em><\/p>\n<p>The first policy is to:<\/p>\n<p class=\"small-text indent-text\">\u2026 [f]rom 1 July 2017 \u2026 introduce a $1.6 million transfer balance cap on the total amount of accumulated superannuation an individual can transfer into the retirement phase. Subsequent earnings on these balances will not be restricted.<\/p>\n<p>This $1.6 million cap will be indexed in increments of $100,000 in line with the consumer price index. A fact sheet released on Budget night explains:<\/p>\n<p class=\"small-text indent-text\">A proportionate method which measures the percentage of the cap previously utilised will determine how much cap space an individual has available at any single point in time. \u2015 For example, if an individual has previously used up 75 per cent of their cap they will have access to 25 per cent of the current (indexed) cap<\/p>\n<p class=\"blue-text\"><em>The drawbacks of the first policy<\/em><\/p>\n<p>On its face, the Liberals\u2019 policy is similar to Labor\u2019s policy. After all, assuming that assets yield income of 4\u20135% pa, $1.6 million of assets will generate approximately $75,000 of income. However, I suspect the reality could be quite different. My reasoning is as follows. Firstly, remember that under the Liberals\u2019 policy \u2018[s]ubsequent earnings on these balances will not be restricted.\u2019 Accordingly, a taxpayer with greater than $1.6 million of assets will have a tremendous incentive to try to do a bit of \u2018crystal ball gazing\u2019 in order to determine which assets will experience significant capital appreciation and use those assets to fund their pension. This can work out in two ways:<\/p>\n<ul>\n<li>If the crystal ball gazing is right and assets that will experience significant capital growth are allocated to the pension, then \u2014 contrary to the Liberals\u2019 intention \u2014 high wealth individuals could still achieve significant tax free income, including net capital gains.<\/li>\n<li>However, the opposite could occur (ie, the crystal ball gazing is wrong), and indeed I suspect the opposite will occur more regularly. That is, assets are allocated to commence pensions and those assets end up collapsing in value, for example, where the next GFC comes along. Because it very much sounds like the Liberals want to implement a lifetime cap of $1.6 million, if you pick the wrong assets (eg, if you started your pension with $1.6 million of shares in the next Enron), then it appears to be a case of too bad: even though the original assets might collapse in value down to effectively nothing, you can never use your pension exemption again.<\/li>\n<\/ul>\n<p>This means that the income tax system would not be taxing income. Rather, it would be giving a tremendous free kick to those who are good at picking investments and it would be giving a tremendous kick in the guts to those who mis-predict future investment performance.<\/p>\n<p>Other draw backs of this policy include:<\/p>\n<ul>\n<li>It sounds like there will be a harsh penalty for exceeding one\u2019s cap. This could occur if a fund miscalculates market values and starts a pension not with $1.6 million of assets but with what ends up being valued at, for example, $1.7 million of assets. The penalty would be a tax on not just the earnings of the excess but also on the capital of the excess. Hopefully lessons from the poorly drafted excess contributions tax regime would be learnt and a sensible discretion will be given to the ATO (or even to taxpayers themselves) in order to avoid unfair and harsh outcomes.<\/li>\n<li>It would require tracking of how much of each individual\u2019s lifetime cap \u2014 as proportionally indexed \u2014 has been used.<\/li>\n<\/ul>\n<p class=\"blue-text\"><em>The pros of the first policy<\/em><\/p>\n<p>In my opinion, this policy would be conceptually easier to administer than the Labor equivalent.<\/p>\n<p class=\"blue-text\"><em>The second policy<\/em><\/p>\n<p>The Liberals have said that they will remove \u2018the tax exemption on earnings of assets supporting Transition to Retirement Income Streams from 1 July 2017\u2019.<\/p>\n<p>The key point here is that to date, for those wishing to take no greater than 10% of their assets per annum, it has not made a huge difference whether they receive transition to retirement income streams or full account-based pensions. However, under this policy it would make a big difference. Accordingly, if this policy ultimately becomes law, those wishing to commence transition to retirement income streams will have an incentive to see if they can first \u2018trigger\u2019 a retirement event so that they can take a full account-based pension rather than a transition to retirement income stream and thus pension assets can access the pension exemption. It has been noted by many that \u2014 particular once someone reaches age 60 \u2014 \u2018retirement\u2019 as defined in superannuation law can occur in ways that are very unintuitive. For example, according to paragraph 22 of APRA\u2019s Prudential Practice Guide SPG 280 Payment Standard, if a 60 year old works two jobs and quits one job (eg, to work even more in the other job) this constitutes retirement under the superannuation law.<\/p>\n<p class=\"blue-text\"><em>The third policy<\/em><\/p>\n<p>The Liberals propose to remove the ability to make a reg 995 1.03 election that \u2018allows individuals to treat certain superannuation income stream payments as lump sums for tax purposes.\u2019<\/p>\n<h3>Succession planning<\/h3>\n<p>Both the Liberals and Labor\u2019s proposals could have a massive impact on succession planning.<\/p>\n<p>Currently, the legislature has been quite explicit that if a fund member dies in pension mode, so long as their benefits are cashed as soon as practical after death, the pension exemption at the fund level will continue and there will be no \u2018back door\u2019 death tax by way of CGT at the fund level.<\/p>\n<p>This could change a lot regardless of who wins. I won\u2019t give this full consideration in this article, however, I will note the following consideration in respect of the Liberals\u2019 policy. Namely, unlike Labor where an infinite amount can support a pension, it appears that under the Liberals\u2019 policy, someone can never receive pensions with assets that were worth more than $1.6 million upon their commencement. This might mean in a mum and dad fund with real estate worth say $3.2 million, if dad dies and mum already has a pension, all of dad\u2019s benefits (ie, a 50% interest in the real estate) might need to be cashed out of the fund by way of a lump sum with no scope of a death benefit pension to mum.<\/p>\n<p>Therefore substantially more CGT may be collected in superannuation funds in respect of death benefits especially given the Liberals\u2019 proposed removal of the anti-detriment deduction.<\/p>\n<p class=\"aligncenter\">* * *<\/p>\n<p>This article is for general information only and should not be relied upon without first seeking advice from an appropriately qualified professional.<\/p>\n<div class=\"woo-sc-box no-icon alert   \" style=\"padding-left:15px;background-image:none;\">\nFor related articles on the 3 May 2016 Federal Budget superannuation reforms refer:<\/p>\n<ul>\n<li><a href=\"http:\/\/www.dbalawyers.com.au\/announcements\/new-500000-lifetime-contribution-cap-retrospective-bad-law\/\" target=\"_blank\" rel=\"noopener noreferrer\">The new $500,000 lifetime contribution cap is retrospective and bad law<\/a><\/li>\n<li><a href=\"http:\/\/www.dbalawyers.com.au\/announcements\/1-6m-balance-cap-examined-tax-death-benefits\/\" target=\"_blank\" rel=\"noopener noreferrer\">$1.6M balance cap examined \u2014 more tax on death benefits<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"printfriendly pf-button  pf-alignleft\"><a href=\"https:\/\/www.dbalawyers.com.au\/announcements\/liberals-v-labor-different-election-outcomes-mean-smsf-pensions\/?pfstyle=wp\" rel=\"nofollow\"  title=\"Printer Friendly, PDF & Email\"><img decoding=\"async\" class=\"pf-button-img\" src=\"https:\/\/cdn.printfriendly.com\/buttons\/printfriendly-pdf-button.png\" alt=\"Print Friendly, PDF & Email\" style=\"width: 112px;height: 24px;\"  \/><\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Australia votes on 2 July 2016 and never before has so much superannuation policy turned on one election. A Liberal victory could mean very different things than a Labor victory. In this article, I explore some of the ins and outs of each party\u2019s announced policies. [<a class=\"read-more\" href=\"https:\/\/www.dbalawyers.com.au\/announcements\/liberals-v-labor-different-election-outcomes-mean-smsf-pensions\/\">read more<\/a>]<\/p>\n","protected":false},"author":11,"featured_media":6226,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,32,40],"tags":[],"ppma_author":[136],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Liberals v Labor: what different election outcomes could mean for SMSF pensions | Leading SMSF Law Firm<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.dbalawyers.com.au\/announcements\/liberals-v-labor-different-election-outcomes-mean-smsf-pensions\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bryce Figot\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.dbalawyers.com.au\/announcements\/liberals-v-labor-different-election-outcomes-mean-smsf-pensions\/\",\"url\":\"https:\/\/www.dbalawyers.com.au\/announcements\/liberals-v-labor-different-election-outcomes-mean-smsf-pensions\/\",\"name\":\"Liberals v Labor: what different election outcomes could mean for SMSF pensions | Leading SMSF Law Firm\",\"isPartOf\":{\"@id\":\"https:\/\/www.dbalawyers.com.au\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.dbalawyers.com.au\/announcements\/liberals-v-labor-different-election-outcomes-mean-smsf-pensions\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.dbalawyers.com.au\/announcements\/liberals-v-labor-different-election-outcomes-mean-smsf-pensions\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.dbalawyers.com.au\/wp-content\/uploads\/2016\/05\/Liberals-v-Labor-what-different-election-outcomes-could-mean-for-SMSF-pensions.jpg\",\"datePublished\":\"2016-05-16T07:23:48+00:00\",\"dateModified\":\"2020-10-29T06:49:11+00:00\",\"author\":{\"@id\":\"https:\/\/www.dbalawyers.com.au\/#\/schema\/person\/21df751f40981297a0f6417071b6a63e\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.dbalawyers.com.au\/announcements\/liberals-v-labor-different-election-outcomes-mean-smsf-pensions\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.dbalawyers.com.au\/announcements\/liberals-v-labor-different-election-outcomes-mean-smsf-pensions\/#primaryimage\",\"url\":\"https:\/\/www.dbalawyers.com.au\/wp-content\/uploads\/2016\/05\/Liberals-v-Labor-what-different-election-outcomes-could-mean-for-SMSF-pensions.jpg\",\"contentUrl\":\"https:\/\/www.dbalawyers.com.au\/wp-content\/uploads\/2016\/05\/Liberals-v-Labor-what-different-election-outcomes-could-mean-for-SMSF-pensions.jpg\",\"width\":300,\"height\":300,\"caption\":\"Liberals v Labor: what different election outcomes could mean for SMSF pensions\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.dbalawyers.com.au\/#website\",\"url\":\"https:\/\/www.dbalawyers.com.au\/\",\"name\":\"DBA Lawyers\",\"description\":\"Leading SMSF Law Firm\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.dbalawyers.com.au\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.dbalawyers.com.au\/#\/schema\/person\/21df751f40981297a0f6417071b6a63e\",\"name\":\"Bryce Figot\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.dbalawyers.com.au\/#\/schema\/person\/image\/a9a812be4056bdc150ca270634702d72\",\"url\":\"https:\/\/www.dbalawyers.com.au\/wp-content\/uploads\/2024\/03\/bryce.jpg\",\"contentUrl\":\"https:\/\/www.dbalawyers.com.au\/wp-content\/uploads\/2024\/03\/bryce.jpg\",\"caption\":\"Bryce Figot\"},\"description\":\"Bryce is also recognised as one of Australia's leading SMSF lawyers. He has worked predominantly in the fields of tax and superannuation over the past 17 years and holds a Master of Laws from the University of Melbourne. Bryce is a regular seminar presenter on tax and SMSF topics and has published extensively in these areas. Bryce regularly presents for the major professional bodies including the SMSF Association, CPA Australia The Tax Institute, Chartered Accountants Australia and New Zealand and DBA Network. Bryce is regularly quoted and published in the Australian Financial Review, the Herald Sun, CCH and LexisNexis publications, and elsewhere in the financial press. Bryce wrote the book Complete Guide to SMSFs: Planning for Loss of Capacity and Death, published by CCH Wolters Kluwer. Bryce is on the editorial panel of LexisNexis' Australian Superannuation Law Bulletin. He is a Senior Fellow at the University of Melbourne's Law School, where he is the subject coordinator of Taxation of Superannuation. Bryce is a Specialist SMSF Advisor\u2122 as well as being a Chartered Tax Adviser.\",\"url\":\"https:\/\/www.dbalawyers.com.au\/author\/bryce\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Liberals v Labor: what different election outcomes could mean for SMSF pensions | Leading SMSF Law Firm","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.dbalawyers.com.au\/announcements\/liberals-v-labor-different-election-outcomes-mean-smsf-pensions\/","twitter_misc":{"Written by":"Bryce Figot","Est. reading time":"9 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.dbalawyers.com.au\/announcements\/liberals-v-labor-different-election-outcomes-mean-smsf-pensions\/","url":"https:\/\/www.dbalawyers.com.au\/announcements\/liberals-v-labor-different-election-outcomes-mean-smsf-pensions\/","name":"Liberals v Labor: what different election outcomes could mean for SMSF pensions | Leading SMSF Law Firm","isPartOf":{"@id":"https:\/\/www.dbalawyers.com.au\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.dbalawyers.com.au\/announcements\/liberals-v-labor-different-election-outcomes-mean-smsf-pensions\/#primaryimage"},"image":{"@id":"https:\/\/www.dbalawyers.com.au\/announcements\/liberals-v-labor-different-election-outcomes-mean-smsf-pensions\/#primaryimage"},"thumbnailUrl":"https:\/\/www.dbalawyers.com.au\/wp-content\/uploads\/2016\/05\/Liberals-v-Labor-what-different-election-outcomes-could-mean-for-SMSF-pensions.jpg","datePublished":"2016-05-16T07:23:48+00:00","dateModified":"2020-10-29T06:49:11+00:00","author":{"@id":"https:\/\/www.dbalawyers.com.au\/#\/schema\/person\/21df751f40981297a0f6417071b6a63e"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.dbalawyers.com.au\/announcements\/liberals-v-labor-different-election-outcomes-mean-smsf-pensions\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.dbalawyers.com.au\/announcements\/liberals-v-labor-different-election-outcomes-mean-smsf-pensions\/#primaryimage","url":"https:\/\/www.dbalawyers.com.au\/wp-content\/uploads\/2016\/05\/Liberals-v-Labor-what-different-election-outcomes-could-mean-for-SMSF-pensions.jpg","contentUrl":"https:\/\/www.dbalawyers.com.au\/wp-content\/uploads\/2016\/05\/Liberals-v-Labor-what-different-election-outcomes-could-mean-for-SMSF-pensions.jpg","width":300,"height":300,"caption":"Liberals v Labor: what different election outcomes could mean for SMSF pensions"},{"@type":"WebSite","@id":"https:\/\/www.dbalawyers.com.au\/#website","url":"https:\/\/www.dbalawyers.com.au\/","name":"DBA Lawyers","description":"Leading SMSF Law Firm","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.dbalawyers.com.au\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.dbalawyers.com.au\/#\/schema\/person\/21df751f40981297a0f6417071b6a63e","name":"Bryce Figot","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.dbalawyers.com.au\/#\/schema\/person\/image\/a9a812be4056bdc150ca270634702d72","url":"https:\/\/www.dbalawyers.com.au\/wp-content\/uploads\/2024\/03\/bryce.jpg","contentUrl":"https:\/\/www.dbalawyers.com.au\/wp-content\/uploads\/2024\/03\/bryce.jpg","caption":"Bryce Figot"},"description":"Bryce is also recognised as one of Australia's leading SMSF lawyers. He has worked predominantly in the fields of tax and superannuation over the past 17 years and holds a Master of Laws from the University of Melbourne. Bryce is a regular seminar presenter on tax and SMSF topics and has published extensively in these areas. Bryce regularly presents for the major professional bodies including the SMSF Association, CPA Australia The Tax Institute, Chartered Accountants Australia and New Zealand and DBA Network. Bryce is regularly quoted and published in the Australian Financial Review, the Herald Sun, CCH and LexisNexis publications, and elsewhere in the financial press. Bryce wrote the book Complete Guide to SMSFs: Planning for Loss of Capacity and Death, published by CCH Wolters Kluwer. Bryce is on the editorial panel of LexisNexis' Australian Superannuation Law Bulletin. He is a Senior Fellow at the University of Melbourne's Law School, where he is the subject coordinator of Taxation of Superannuation. Bryce is a Specialist SMSF Advisor\u2122 as well as being a Chartered Tax Adviser.","url":"https:\/\/www.dbalawyers.com.au\/author\/bryce\/"}]}},"authors":[{"term_id":136,"user_id":11,"is_guest":0,"slug":"bryce","display_name":"Bryce Figot","avatar_url":"https:\/\/www.dbalawyers.com.au\/wp-content\/uploads\/2024\/03\/bryce.jpg","first_name":"Bryce","last_name":"Figot","user_url":"","description":"Bryce is also recognised as one of Australia's leading SMSF lawyers. He has worked predominantly in the fields of tax and superannuation over the past 17 years and holds a Master of Laws from the University of Melbourne.\r\nBryce is a regular seminar presenter on tax and SMSF topics and has published extensively in these areas. Bryce regularly presents for the major professional bodies including the SMSF Association, CPA Australia The Tax Institute, Chartered Accountants Australia and New Zealand and DBA Network.\r\nBryce is regularly quoted and published in the Australian Financial Review, the Herald Sun, CCH and LexisNexis publications, and elsewhere in the financial press. Bryce wrote the book Complete Guide to SMSFs: Planning for Loss of Capacity and Death, published by CCH Wolters Kluwer. Bryce is on the editorial panel of LexisNexis' Australian Superannuation Law Bulletin. He is a Senior Fellow at the University of Melbourne's Law School, where he is the subject coordinator of Taxation of Superannuation.\r\nBryce is a Specialist SMSF Advisor\u2122 as well as being a Chartered Tax Adviser."}],"_links":{"self":[{"href":"https:\/\/www.dbalawyers.com.au\/wp-json\/wp\/v2\/posts\/6224"}],"collection":[{"href":"https:\/\/www.dbalawyers.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dbalawyers.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dbalawyers.com.au\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dbalawyers.com.au\/wp-json\/wp\/v2\/comments?post=6224"}],"version-history":[{"count":0,"href":"https:\/\/www.dbalawyers.com.au\/wp-json\/wp\/v2\/posts\/6224\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dbalawyers.com.au\/wp-json\/wp\/v2\/media\/6226"}],"wp:attachment":[{"href":"https:\/\/www.dbalawyers.com.au\/wp-json\/wp\/v2\/media?parent=6224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dbalawyers.com.au\/wp-json\/wp\/v2\/categories?post=6224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dbalawyers.com.au\/wp-json\/wp\/v2\/tags?post=6224"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.dbalawyers.com.au\/wp-json\/wp\/v2\/ppma_author?post=6224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}