Advisers exposed to liability post-budget
Colonial First State has offered some tips to SMSF professionals struggling to integrate retrospective budget measures into their clients’ planning, as one industry lawyer warns of the potential liability of failing to do so.
Budgetary measures such as the $500,000 lifetime cap on non-concessional contributions are effective from 7.30pm on budget night and take into account all contributions made since 2007.
Read the full story at SMSF Adviser.
