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Trustees urged to take careful approach with budget dilemmas

SMSF trustees who risk financial ruin by responding to budget announcements have been told that in some cases it may be best to hold off taking immediate action, with the proposals still facing numerous hurdles.

Trustees urged to take careful approach with budget dilemmas
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  • Shared by SMSF Adviser
  • May 26, 2016
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DBA Lawyers director Daniel Butler said there are many trustees faced with the decision as to whether to make a contribution in order to save their livelihoods in the hope the legislation doesn’t come through, or to respond to the proposals now and suffer the resulting “financial wreckage”.

Read the full story at SMSF Adviser.

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