In the world of Self-managed Super fund, a cross-insurance policy is one wherein an SMSF trustee takes out a policy over a member’s life with the clause to deduct premium from the account of another member. In being so, the cross-insurance policy benefits the member who has paid for the insurance in case of an insurance event arising.
Super News
How to Make Your Money Work for You?
We give cash and shares the kind of recognition they deserve as an investment and only perhaps more at times. This said, the bonds often get overlooked and this is a cardinal mistake keeping in mind that bonds are the intermediary asset class, right between cash and shares. Bonds are closer to term deposits than shares, and there is a legal debt obligation related to bonds which make it difficult for companies to go volte-face on their ‘interest’ or ‘capital’ promise.
Understanding SMSF Compliance Work of the ATO
The SMSF sector may lack prudential regulation, but the ATO compliance work amply ensures that it does not get astray. The ATO keeps a dual target in mind; it wishes to be an ally to all those who want to play by the rules but are ignorant about them as yet. And at the same time, the ATO also wants to come down hard on those who are deliberately breaking the rules assuming they will get away with it.
SMSFs Sitting High on Consumer Sentiment Index
It is not to say that the days of the big Super funds are over, but there is certainly a pleasant chord struck between the Australian masses and the SMSFs, writes Miranda Brownlee in an article for the SMSF Adviser. We have certainly come to accord greater value with the SMSFs.
How Should You Go About Retirement Planning in 2015
We are about to witness an explosion of retiring Baby Boomers and this is going to happen sometime pretty soon. It is not a smart economic commentary on the times we live in that most of these Baby Boomers are unprepared for their retirement. Men are faring just a little better than women and this can be put down to women’s higher life expectancy in particular.
A Corporate Trustee is Much Needed for SMSF Succession
Smooth and seamless succession for a Self-managed Super Fund is quite possible. For some time, the industry has played around with many styles of doing so, but presently, we can say with a fair degree of conviction that we are there and that it can be done effectively. Before anything else, it is significant to have your estate planning in line with your SMSF succession.
