SMSF Estate Planning

Yuki, Phil and Reina are individual trustees and members of the ABC SMSF. With Phil recently passing away, what actions is any must the remaining trustees take within 6 months to ensure that the fund continues to comply as a SMSF?

Gigi is currently receiving a death benefit pension from the SMSF in which she (and her deceased husband) is a member.

Gigi is a bit overwhelmed with all the paperwork to manage an SMSF and wished to rollover her super benefits to an APRA regulated super fund. Upon rolling this pension amount, she would also like to reduce the level of pension by rolling 50% of the capital of the death benefit income stream to the accumulation phase.

Is Gigi allowed to do this?

Paul was being paid an account-based pension up until he passed away on 16 December 2022. His wife, Belinda was the reversionary beneficiary of the income stream and as a result in automatically continued to be paid to her.

For transfer balance cap purposes, at what date does the value of income stream get credited to Belinda’s transfer balance account?

In the case of Ioppolo v Conti, what steps did Mr Iopollo take to ensure that he retained control of the payment of the death benefit on the basis that the binding death benefit nomination was invalid?

At the time of Verena’s death, she had a residential property in the fund valued at $780,000, along with a share portfolio and cash within the bank account.

In paying a super death benefit, which of the following statements is correct?

Olivia has been recently married for a second time and wants her super death benefit to be paid 50% to her new spouse, Tony, and 50% to be split amounts her two children from her first marriage.

Which type of death benefit nomination would be most appropriate from within her SMSF?

What factors need to be considered to establish whether an interdependent relationship exists?

Frida (14) received a child pension from her father, Satya who died.  Until what age can Frida receiving the income stream (assuming no disability)?

Who is not a dependant for superannuation law purposes?

In November 2023, Lou passed away with his ABP automatically reverting to his wife, Diedre. Diedre is also currently in receipt of an ABP.

Diedre wishes roll back an income stream to the accumulation phase, which she can do with either her own ABP or from the death benefit pension?

Which of the following statements is not correct in respect to the concept of ‘cashing’ for the purposes of paying a super death benefit?