Last Friday Treasurer Wayne Swan and Minister Bill Shorten announced a range of changes to superannuation aimed at making super fairer for all Australians. Here are the key reforms: 1. Tax to apply on superannuation assets supporting income streams for high net worth individuals
Around 7 out of 10 SMSFs have individual trustees, the majority with 2 spouses acting as joint trustees (e.g. husband and wife). Under these circumstances, you must have an Enduring Power of Attorney (EPoA) in place. The likelihood of one (or both) trustees losing capacity before death is high and without an EPoA, the consequences […]
