Whilst a BDBN is an invaluable tool for an SMSF s death benefit strategy, funds can often run into multiple traps during the setup of the BDBN which can become a "dangerous weapon", says Heffron.
While the draft regulations aimed at tackling the excess transfer balance issue is a welcome development, SMSF trustees will have to hope the ATO releases the excess notice determination quickly to a
SMSF professionals should think carefully about what services they provide to their SMSF from 1 July 2022, with the ATO to cease its transitional compliance approach for certain non-arm’s length in