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READ MOREDeath benefits decision ‘will fail to halt SMSF disputes’
A definitive recent court decision over death benefits would do nothing to stop them from being the single biggest cause of SMSF legal disputes, said the superannuation leader at CA ANZ, Tony Negline.
Speaking on the latest Accountants Daily podcast, Mr Negline said the High Court judgement in the recent Hill v Zuda case made clear that an SMSF binding death benefit nomination (BDBN) was not bound by the same rules as APRA funds.
These specify a three-year lifespan for a BDBN, after which the nomination must be confirmed or changed.
Read more at Accountants Daily
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