SMSF Alert: February 2015

Key developments Tax Office decisions on paying super death benefits by book entry There’s been plenty of political intrigue, but SMSF developments have been thin on the ground over the past month. Fortunately for SMSF trustees, we suspect the uncertainty around the Coalition leadership has made it less likely our concerns about limited recourse borrowing (see in-specie distribution and contribution of the assets. This minimises the cost of buy/sell spreads, brokerage or early break penalties, although you’ll probably have to pay an off-market transfer fee (around $50) or other transaction costs (check first). Note that for small holdings the...

There’s been plenty of political intrigue, but SMSF developments have been thin on the ground over the past month. Fortunately for SMSF trustees, we suspect the uncertainty around the Coalition leadership has made it less likely our concerns about limited recourse borrowing (see in-specie distribution and contribution of the assets. This minimises the cost of buy/sell spreads, brokerage or early break penalties, although you’ll probably have to pay an off-market transfer fee (around $50) or other transaction costs (check first). Note that for small holdings the transfer fee might be more than the brokerage and any spread you might suffer.

Remember, if you’re unsure, seek personal advice before acting.

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Liam and Richard are founders of Eviser.

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