Superannuation

Getting the most out of superannuation

Establishing and reviewing self managed super funds (SMSFs)

With recent changes to superannuation laws giving more power back to you and the reality of an aging population all the more pressing, we are seeing more and more people establishing self managed superannuation funds. This also means that trust deeds must be brought up to date to reflect these changes. Moores Legal SMSF Deeds are regularly reviewed with a view to keeping their terms up to date as changes and developments occur.   READ MORE

Instalment warrants

Instalment warrants are an important exception to the general prohibition against superannuation funds borrowing. Using both an instalment warrant trust and an instalment contract, the trustee of a superannuation fund can fund part of the purchase of certain assets such as real estate. The loans funding the purchase are subject to specific restrictions preventing the lender from recovering from other assets in the superannuation fund. The lender may be a financial institution or may be a related party such as a family company. READ MORE

Transferring wealth to superannuation

For many people, the disadvantage of superannuation not being able to support lifestyle, fund business enterprises, reduce debt and family member dependants means that superannuation is far less attractive in their pre-retirement years.

Often this means that transferring wealth across into superannuation to fund tax free retirement comes at a cost, such as Capital Gains Tax and State Duty. Moores Legal plays an important role in helping you to identify ways in which to minimise those costs.  READ MORE

Self managed super funds (SMSF) pension documentation

When you decide to retire or commence a transition to retirement or other pre-retirement pension, you are often making key estate planning decisions. A person can choose to make a pension reversionary (to a surviving spouse, a young child or to a child of any age with a serious disability) or non-reversionary and, in the case of SMSFs, non-commutable or commutable. Documenting the pension decision can be crucial.   READ MORE