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Trustees

Trustees

Nest Egg’s ‘Trustees’ tag provides current and potential SMSF trustees with up-to-date information, intelligence, strategies and legislations that can impact their position and investment portfolios.

29 Oct 2018
Top mistakes Aussies make when setting up an SMSF
Despite the continued growth in SMSF membership, key mistakes are still being made when it comes to the set-up of funds, the ...
4 Jun 2018
Planning needs of Indigenous people not being met: Trustee company
Barriers of access and understanding are contributing to failures to meet Indigenous Australians’ estate planning needs, a ...
2 Jun 2018
SMSF trustee declaration - A basic guide
The declaration lists the duties a person must shoulder should they decide to be part of a self-managed super fund (SMSF) and...
2 Jun 2018
SMSF: Corporate trustee v individual trustee
A self-managed super fund (SMSF) begins with deciding on the most appropriate structure that benefits both individual member...
2 Jun 2018
SMSF Trustee Responsibilities
Becoming a self-managed super fund (SMSF) trustee may seem like a good option for those who want more investing power, but r...
2 Jun 2018
How to become an SMSF trustee
Some people prefer to handle their own retirement savings by becoming trustees of a self-managed super fund (SMSF). Serving a...
17 Apr 2018
‘It’s time to formalise our commitment to reconciliation’: Equity Trustees
Acknowledging its corporate responsibility, a specialist trustee company has launched a reconciliation action plan to boost t...
22 Feb 2018
SMSF trustees’ cognitive decline ‘needs to be looked at’
Given that nearly 40 per cent of SMSF trustees are between 55 and 70, the issue of cognitive decline is one that needs attent...
23 Sep 2017
SMSFs with more trustees are more risk averse
Self-managed super funds with higher numbers of trustees and funds with older trustees are more likely to invest in less risk...
27 Jul 2017
SMSF trustees more confident in savings than private investors
Self-managed super fund trustees are more confident their retirement savings will give them a comfortable life after they lea...
13 Jun 2017
SMSF trustees lack knowledge about LRBAs
The Commonwealth Bank (CBA) has found that many Australian SMSF trustees have gaps in their knowledge when it comes to limite...
5 Jun 2017
Would-be SMSF trustees queried by ATO
The ATO is contacting SMSF applicants and investigating their tax history to identify scenarios where an SMSF is a risky opti...
2 Jun 2017
SMSF trustees facing needless costs
Parts of the new superannuation legislation could mean SMSF trustees will have to pay unnecessary compliance costs unless the...
25 May 2017
SMSF trustee groups announce merger
The Self-managed Independent Superannuation Funds Association and the SMSF Owners’ Alliance, two bodies representing SMSF t...
18 Oct 2016
6 lessons for SMSF trustees from Charlie Sheen’s career
Actor Charlie Sheen’s career and tumultuous personal life provide crucial lessons for SMSF trustees. Ensure you get on to...
1 Sep 2016
‘One-stop shops’ still targeting investors
Australians looking to buy property with their superannuation should beware, with the recent experience of one financial plan...
26 Apr 2016
What are some of the biggest mistakes you see SMSF trustees make with their insurance?
While there are some significant benefits associated with holding insurance within a super fund, there are also many traps tr...
7 Apr 2016
Late lodging SMSF trustees in ATO’s sights
The ATO remains set on cracking down on SMSFs lodging their annual returns late, with financial penalties potentially applica...
7 Apr 2016
Most SMSFs have individual trustees. Why should I opt for a corporate trustee?
Even though anybody who is well advised, and who takes that advice, will have a company as trustee, more than 80 per cent of...
5 Apr 2016
What are some common errors trustees make when claiming deductions for super contributions?
There are two types of deductible contributions that are made to a superannuation fund. Those made by employers and those mad...

Comments

Stephen
I thought members claimed deductions for super contributions and trustees included the amounts in the fund's assessable income. What if the trustee technically isn't the person making the contribution...
Phillip Woodhill
Another good reason not to have individual trustees is death of a member and the administration to change the assets to the new surviving trustees whereas with a corporate trustee no change is needed ...
Nathan
I'd add under the "Review your guiding principles" consider if the SMSF is still right for you and what would happen if one or all of the trustees could not longer perform their duties. Circumstances...
Jeremy Gordon
The appropriate starting sum can be lower if the DIY route is taken. The set up costs are lower. It is also possible for the trustees to prepare their own annual financial statements and complete th...
Dr Terry Dwyer, Dwye... - I am amazed by these comments. The effects will be subtle but pervasive. It will have a huge effect on superannuitants in pension mode as with low.......
Anonymous - Someone with 1.6M in their SMSF might lose 30% of their retirement income. Someone else with 6.6M in theirs will lose much less by using the franking.......
Dr Terry Dwyer, Dwye... - If it were just limiting the exempt current pension income exemption to a tax-free threshold and forgetting about removing franking credit refunds,.......
Anonymous - Well technically stolen bitcoins end up in the wallet of the Scammer or person who stole them. ....