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ATO issues reminder on making BDBN updates for SMSFs

The Australian Taxation Office (ATO) has reminded the need for SMSFs to keep their beneficiary nominations up to date to ensure they have full control over who will receive their superannuation following their death.

ATO issues reminder on making BDBN updates for SMSFs
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In a recent update, the ATO flagged the importance for advisers to remind clients to think about what they want to happen to their superannuation following their death.

Read more at SMSF Adviser.

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