Move assets before death to avoid tax implications
Mitigating the impact of death benefit tax can be supported by ensuring the SMSF deed allows for the transfer of assets out of the fund in a timely manner, a legal specialist said.
Mitigating the impact of death benefit tax can be supported by ensuring the SMSF deed allows for the transfer of assets out of the fund in a timely manner, a legal specialist said.
The ATO is warning SMSF trustees to be on the look out for superannuation and tax schemes.
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SMSF members with legacy pensions should be aware a commuted income stream may affect their Centrelink entitlements, but also the government has employed staff who can calculate the impact, a technical specialist has said.
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