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Gain valuable industry insights and commentary through the Topdocs techncial articles. They provide a great way to keep up to date and informed.

Please note our technical articles are for information purposes only and do not constitute legal advice.

 

Technical Articles

In this article we explore why it is so crucial for advisers to document the allocation of member benefit payments post the Super Reform changes. Now that we have finally come to terms with the rules around the Transfer Balance Cap (TBC) and Transfer Balance Account (TBA), many Advisors are…
The provision of individual legal review on your SMSF deed updates is essential to protect you and your clients from future litigation. Individual legal review and sign off is the process of a lawyer examining the current Trust Deed of your Superannuation Fund and confirming documentation prepared to update the…

SMSF Pensions Qs and As

Wednesday, 26 September 2018 09:00
Make a more informed decision around SMSF pensions by reviewing our most popular questions and answers. Paying a pension from a self-managed superannuation fund is not difficult, but you do need to know what you are doing. As a market leader in SMSF pension documentation, we’ve compiled a list of…
This technical article explores reversionary pensions and estate planning through a practical scenario. Joe is a single parent who has recently turned 60 years of age and retired. He has 2 adult children, Peter and Claire, from his first relationship, both of whom have generated significant wealth from owning and…
This technical article explores the priority of cashing of benefits and other options through a practical scenario. When Patrick turned age 55 and reached his preservation age a few years ago, he decided to commence a Transition to Retirement Income Stream (TRIS). He had a balance of $400,000 in the…
Understanding the range of options available in proper estate planning is vital to ensuring the client’s needs are met. In this article, the advantages and disadvantages of considering either superannuation child account based pensions or using the Will to create testamentary trusts are considered. Who will be the death benefit…
In 2013, the ATO released a Taxation Ruling impacting the payment of income streams by superannuation funds, including SMSFs. This technical paper considers how the ATO Ruling applies to SMSFs paying income streams. The Taxation Ruling, TR 2013/5 titled Income tax: when a superannuation income stream commences and ceases, has…
A relatively unpublicised aspect of the 2017 Superannuation Reform legislation is the potential limitation on paying death benefit income streams to children. The introduction of Transfer Balance Caps for superannuation members from 1 July 2017 included limits on the amount of income stream death benefits a dependant could receive following…
Legislative requirements, audit issues even potential challenges from disgruntled beneficiaries need to be considered when preparing the documentation of an SMSF income stream. With SMSF pension documentation, consideration needs to be given to legislative requirements, audit issues, and also ensuring that documentation is in order in the event of common…

Complying Pensions in SMSFs - Call to Action

Wednesday, 19 September 2018 09:00
The ability to commence most types of Complying Pensions in an SMSF ceased on 31 December 2005. However, those Complying Pensions could continue to be paid. The fact some SMSFs are still paying Complying Pensions gives rise to possible need for considerations by Trustees. The ATO’s release of its SMSF…
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