Self-Managed Superannuation Funds (SMSFs) are popular vehicles for investing. There are many reasons why people choose to establish and invest in SMSFs. There are also many downsides to using them: your money is tied up until later in life; you don’t really own any of the assets in a SMSF; you are subject to sovereign…
Posts Categorized: Tax & Superannuation Law
Special Disability Trusts
Posted by - & filed under Family Law, Tax & Superannuation Law, Trust Law, Will & Estates.The Special Disability Trust is an underutilised but useful vehicle for providing for family members who may have a physical or intellectual disability. It permits one to hold up to an amount of $551,740 which is excluded from the asset test, and the income from which is excluded from the income test. What Is It?…
Divorce & Child Maintenance Trusts
Posted by - & filed under Divorce, Family Law, Tax & Superannuation Law.It may be good and well to cope with a disappointment, but it is better to take advantage of it. Death and taxes, so the saying goes, are two of life’s certainties. And for an indeterminate 40% of the married population, so too is divorce. Although death has become less expensive with the abolition of…