Superannuation Miscellaneous 2013

Relationship breakdowns - SMSF super splitting

Source: South Australia

Published Date: 22 Nov 2013

 

This presentation provides an overview of the superannuation splitting rules and the tax considerations. This is an increasingly relevant area. Divorce rates are over 40% and a high proportion of the one million SMSF members are legally married or de facto spouses. A well-orchestrated super split can lead to a more satisfactory settlement outcome. All advisers in the SMSF area should have at least a basic understanding of the applicable concepts, options, practical requirements and taxation considerations.

This presentation covers:

  • key concepts and available options
  • practical requirements and process
  • issues regarding governance, valuations, lumpy assets and in specie transfers
  • tax implications and characteristics of splittable payments
  • CGT and stamp duty relief
  • related issue - blended families and fixed pensions.

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Relationship breakdowns - SMSF super splitting

Author(s): Matthew Andruchowycz CTA

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Superannuation Miscellaneous 2013

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