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ARTICLE · 26 JULY 2016

Super and Estate Planning: Making the BDBN immune from challenge in an SMSF - part 1

Cooper Grace Ward
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Cooper Grace Ward

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Superannuation must be properly dealt with, whether implementing a basic Will or a complex estate planning strategy.

AustraliaFinance and Banking
Scott Hay-Bartlem
Scott Hay-Bartlem
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TEN Estate Planning Conference

  1. INTRODUCTION

  2. 1.1 Superannuation is increasingly a major asset for more and more Australians.

    For retirees and those approaching retirement, superannuation is often the next largest or only other asset after the main residence due to the tax benefits available for investment income. For younger Australians, automatic group insurance cover in retail and industry superannuation funds means that they often have substantial life insurance (far in excess of their contributions) in superannuation.

    Superannuation is also a significant asset for all those people in between, due to a combination of insurance, the effects of superannuation guarantee over the course of their careers and reduced contribution caps forcing people to start planning for retirement earlier in life.

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