SMSF Income Stream Guide (online)

Published online in May 2019.

This guide comprehensively reviews the superannuation laws, taxation laws and general law issues that relate to the commencement, maintenance and ultimately the cessation of SMSF income streams.

Authors Peter Slegers and Nicole Santinon of Cowell Clarke explore many of the related practical issues that impact on SMSF income streams, such as estate planning laws, asset protection and the strategies for accessing wealth from existing business and investment structures to fund income streams.

This third edition of the SMSF Income Stream Guide highlights a number of legal and regulatory developments that have arisen since the publication of the second edition in March 2018. It also highlights the emerging practice trends and strategies that have developed as advisers and trustees become more familiar with the transfer balance cap regime.

Included in this edition is material on the following areas:

• life insurance proceeds used in conjunction with income stream death benefit strategies;
• contribution reserves in the context of the Commissioner’s recent concerns;
• commentary on correcting underpayments of minimum annual pension amounts;
• revisiting the use of non-reversionary pensions to achieve succession planning objectives;
• further commentary on the developing role of attorneys in SMSFs;
• an update on the Commissioner’s view on the conversion of a TRIS into a retirement phase income stream;
• developments on the downsizer contribution rules in light of recent ATO pronouncements; and
• recent case law in the context of BDBNs.

This guide will be of relevance to SMSF professionals at all levels of experience, including:

• licensed accountants, financial planners and SMSF auditors;
• SMSF administrators; and
• solicitors practising in estate and succession planning law.

The annual online subscription includes:

• 12 months access to the online book;
• 2 structured CPD hours.