Sent: 03-11-2010 11:29:03
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Super funds and TPD insurance
Later last week the Federal Treasury released draft regulations for the change in tax deductibility rules for total and permanent disablement insurance during the transition period.
It seems to me that the Government is trying to be a lenient as it possibly can be. Hopefully this leniency makes its way into the finalised rules.
Between now and the end of June 2011 super fund trustees that already own TPD insurance in their super fund have some serious decisions to make. I'm not entirely convinced that many trustees are anywhere near to thinking through all the issues I raise in my DIY Super article in The Australian in March this year. You can read that article here: http://www.atcbiz.com.au/r.php?r=5qafakz
Our Most Popular Articles
Last week in this article I noted the ten most popular articles on our website. Some of these most popular articles are actually out of date. One reader of this column asked why I referred to old articles.
I hope the following explanation makes sense. Our AllThingsConsidered website contains over 350 articles about SMSFs written since March 2004. People searching for particular subjects in Google and other search engines find these articles.
It is true that some of the most read articles on our website are out of date (however we clearly say at the top of each article that the material may no longer be current).
We happen think that the historical development of super laws is quite relevant. Hence the reason why we make most of our SMSF material on our website available.
The purpose of letting you know what are the ten most popular articles in our SMSF article library is simply to show what all visitors to our website are reading.
We hope that you would not only find it interesting to see what others are finding appealing but that it might also prompt a few thoughts about SMSFs and super generally.
Finally please consider purchasing a copy of "A How To Book Of Self Managed Super Funds". You can look at the contents page at the following link: http://www.atcbiz.com.au/r.php?r=0mjd6ne
The 3rd edition was released a few weeks ago.
For details of the changes made from version 2 to version 3 visit: http://www.atcbiz.com.au/r.php?r=7aj5d3d
There have been many changes to this book. Version 3.0 contains over 30 pages of new material.
This update has taken longer than I would like however I have been delayed due to a frustratingly steady stream of political policy announcments, review documents and the release of various ATO documents.
Two purchase options are available - once only subscription - $55 inc GST - or an annual subscription will gives you access to all the updates made throughout the year ($120 inc GST). The book can be purchased at the following link: http://www.atcbiz.com.au/r.php?r=5a4agqb
This email is general in nature only and does not constitute or convey specific or professional advice. Legislation changes may occur quickly. Formal advice should be sought before acting in any of the areas discussed. Be aware that the information in these articles may become innaccurate with time. Responsibility is disclaimed for any inaccuracies, errors or omissions. Particular investments are neither invited nor recommended and hence this publication is not "financial product advice" as defined in Section 766B of the above legislation. All expressions of opinion by contributors are published on the basis that they are not to be regarded as expressing the official opinion of any other person or entity unless expressly stated. No responsibility for the accuracy of the opinions or information contained in the contributor's articles is accepted by any other person or entity. Copyright: This publication is copyright. If you wish to reproduce this article you require a license, which can be purchased here, to do so.