TPD Insurance Tax Deductible in SMSF
This article explores whether TPD insurance is tax deductible within a SMSF. TPD stands for Total and Permanent Disability. In certain circumstances, the premiums for TPD insurance can be a tax deductible expense to an SMSF. TPD is an insurance that can be owned...
Can You Use Your Super To Buy A Car
Are you wondering if you can use your super to buy a car? Most standard superannuation funds have a limited investment menu. These options usually include managed funds, term deposits and possibly ASX-listed shares. A self managed superannuation fund (SMSF) provides...Commutations & Centrelink
What is a commutation payment? Commutations are a withdrawals made from the capital supporting an account based pension. Commutations may affect Centrelink entitlements. The extent to which commutations affect Centrelink entitlements depends on a few factors, which...Difference Between Lapsing and Non-Lapsing
The difference between lapsing and non-lapsing superannuation nominations is that a lapsing nomination is generally valid for 3 years; whereas a non-lapsing nomination does not expire. Superannuation death benefit nominations are legal directives to a trustee of a...Centrelink Schedule Example
The Centrelink schedule example shown below includes the information required by Centrelink/DVA for recipients who have an income stream product. The details in a Centrelink schedule can be used to complete the Centrelink Details of an income stream product (SA330)...Binding Death Benefit Nomination SMSF
A Binding Death Benefit Nomination within an SMSF is a document provided by a member to the Trustee of the Fund. This document details how the member would like their member benefits paid to beneficiaries in the event of their death. One important point to note is:...SMSF Bank Account Rules
The SMSF bank account rules require a self managed superannuation fund (SMSF) to open a bank account in the Fund’s name. When the SMSF is setup, a main bank account will need to be opened. This bank account will be used to manage the activities and operations of...
Minimum Pension Calculator
This minimum pension calculator allows you to calculate the minimum pension income to be drawn from your superannuation pension. The calculation applies to both Account Based Pensions and Non-Commutable Account Based Pensions. Account Based Pensions are often also...Pension Refresh Strategy
A pension refresh strategy involves commuting an existing pension and commencing a new pension to include contributions accumulated since the original pension was initially established. Starting a superannuation pension does not prohibit a person from continuing to...
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