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19/10/2017The sale of a professional practice is not the same as the sale of just any small business.
17/10/2017When a corporate trustee is de-registered - the corporate entity ceases to exist. However, this does not mean that the trust is also "de-registered" or ceases to exist.
17/10/2017The SUPERCentral Governing Rules will be updating in the near future. The principal reason for the update is to allow the trustee to issue new retirement income stream products called deferred superannuation income streams.
17/10/2017The main attraction of deferred superannuation income streams is that they can manage longevity risk - that is the risk that the superannuation capital supporting an account-based pension may run out during the member's lifetime.
17/10/2017Nothing is for nothing. The cost of the lifetime guarantee is the restricted commutation amount which can be paid in respect of the deferred superannuation income stream. This restriction on commutation amount applies once the deferred superannuation income stream is in retirement phase.