Monthly Archives: September 2017

Masterclass SMSF – What happens when a member dies and what are SMSF dependents?

When a member of a SMSF dies, SIS Reg 6.21(1) directs that the member’s benefits must be ‘cashed’ as soon as practicable. The money is then paid by either a lump sum payout to dependants or to the estate, or … Continue reading

Posted in 1 Latest Newsletter Topics, Masterclass SMSF, Super Tax, Superannuation General | Tagged , , , , , , , | Leave a comment

CASE STUDY – Chelsea over 50yo – Wanted to control her super as a single mum

Chelsea was a single parent who never re-married, but devoted her life to supporting and raising her 4 children. Not only that, one daughter was a special-needs child with Down’s Syndrome. But she was the love of their lives, of … Continue reading

Posted in 1 Latest Newsletter Topics, Case Studies of Clients, Retirement Planning, Superannuation General | Tagged , , , | Leave a comment

MASTERCLASS Investment – What is GAAP – ie What are Generally Accepted Accounting Principles (GAAP)?

Companies listed on the Stock Exchange in Australia finish half-year reporting at the end of February and August. A common phrase “Generally Accepted Accounting Principles” (GAAP) consists of three important sets of rules: (1) Basic accounting principles and guidelines; (2) … Continue reading

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