Have You Updated Your BDBN Since 1 July 2017?

Have You Updated Your BDBN Since 1 July 2017?

What is a BDBN? A Binding Death Benefit Nomination (BDBN) is a legally binding nomination that allows a member of an SMSF, to advise the Trustee as to whom they want to receive their superannuation entitlements in the event of their death. The nomination must be valid...
Superannuation Guarantee

Superannuation Guarantee

UPDATE – The ATO recently announced an amnesty for employers who voluntarily disclose previously undeclared superannuation guarantee (SG) shortfalls.  For further information on the amnesty, please visit the ATO website. ATO Fact Sheet for Employers The...
Drawing More than your Minimum Pension?

Drawing More than your Minimum Pension?

Now that we are well and truly into the new financial year and working under the new superannuation regime, there are some important changes regarding how you draw amounts above your minimum pension withdrawals and how these are to be accounted for in the Fund.  This...