Monthly Archives: June 2015

June Newsletter

Please click on the link below to view our latest newsletter:

Newsletter Jun 2015

The key topics addressed are

Income Protection
Planning before June 30
Changes to the automobile industry worldwide

We hope you enjoy reading it!

By |June 25th, 2015|Uncategorized

Is your Binding Death Benefit Nomination (BDBN) valid?

“Many SMSF members who mistakenly believe their BDBN is secure will have that complacency exposed after their death when their BDBN is rendered invalid,” says Daniel Butler and William Fettes in their article on SMSFAdviser.

It’s a scary thought, but one that all SMSF trustees should be aware of to ensure that there estate planning needs are best met.

But firstly, what is a BDBN? “A BDBN is a direction by a member to the superannuation fund trustee requiring the trustee to pay the member’s death benefit to the member’s dependant(s) or their legal personal representative (‘LPR’) (ie, the executor/executrix)”. Whilst this sounds complex, two important things to note from this is firstly ensuring you nominate a dependant as defined under the Superannuation Industry (Supervision) Act […]

By |June 22nd, 2015|Uncategorized