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Showing 71 - 80 of 124 results for "Death benefits"

What the associations want from Budget 2018

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
... financial literacy for women, inclusion of financial planners in Statutory Declaration Regulations and simplifying death benefits, among others. The FPA also wants the Government to let working Australians above the age of 75 to make contributions to ...

What will estate planning look like in 2020?

DARREN SNYDER  |  WEDNESDAY, 4 APR 2018
... Chew said. He added such an increase could affect estate planning strategies, especially impacting the payment of death benefits to non-dependants. What this would effectively do is tighten advisers' estate planning opportunities, as would a continued ...

SMSFs grappling with super changes

KARREN VERGARA  |  FRIDAY, 12 JAN 2018
... are still coming to grips with the impact of the legislative changes in certain areas such as estate planning and death benefits. Death benefits, which are a complex issue, have been made even more complex and while the transfer balance cap, total superannuation ...

Transfer balance cap reforms could hurt grieving SMSFs

JAMIE WILLIAMSON  |  MONDAY, 30 OCT 2017
... SMSF members and their advisers are 'blissfully ignorant' of the impact of these changes regarding the payment of death benefits," Hogan said. According to Hogan, it is incorrectly assumed that anything above the $1.6 million TBC of the surviving spouse ...

Why advisers should revisit death benefits

KARREN VERGARA  |  FRIDAY, 6 OCT 2017
... in estate planning strategies. According to IOOF head of technical services Martin Breckon, the changes around death benefits reinforce the idea that super is not a vehicle for extensive estate planning or intergenerational wealth transfer. The additional ...

Technical Services Forum tackles super challenges

ALEX BURKE  |  FRIDAY, 15 SEP 2017
... Challenger Financial Standard Technical Services Forum addressed two key concerns around superannuation reform: death benefits and the cost of aged care. Speaking on the former, Colonial First State senior technical manager Yvonne Chu described the Government ...

Super reforms hit parliament

EMMA RAPAPORT  |  MONDAY, 29 MAY 2017
... the outstanding debt under a LRBA in the value of an individual's total super balance. "As such, the changes to death benefits remain scheduled to commence from 1 July 2017," he noted. The Treasury Laws Amendment (2017 Measures No. 2) Bill 2017 will ...

Beneficiaries unfamiliar with death benefits

KARREN VERGARA  |  WEDNESDAY, 3 MAY 2017
... members and beneficiaries proper internal dispute resolution processes. This is particularly true when it comes to death benefits, according to the Superannuation Complaints Tribunal. In the March quarter, the distribution of deceased members' death ...

Life insurance reforms to be re-introduced

JAMIE WILLIAMSON  |  MONDAY, 26 SEP 2016
... Prior to lapsing, the amended regulation allowed for the provisional inclusion of stamp duty in commissions for death benefits while the industry upgrades its IT systems, outlined the phasing down of commissions and highlighted circumstances under which ...

Longevity driving interest in risk pooled products

KERRIE SYDEE  |  WEDNESDAY, 6 JUL 2016
... understand how the mortality credits are generated and what assumptions are being made. "More generous liquidity and death benefits will generally mean reduced mortality credits for those who are longer-lived. There will always be uncertainties, and ...