Super trustees have final say

Article Abstract:

In Australia, superannuation trustees decide who is entitled to the fund in the event of premature death of the employee. Thus the trustees are in a position to override the wishes based on the non-binding death nominations. With choices available in funds, it becomes necessary to verify and evaluate this aspect in the clauses of the pension funds.

Strategy & planning, Management dynamics, Executive changes & profiles, Management, Planning, Officials and employees, Company business management, Trusts and trustees, Trustees, Inheritance and succession, Company business planning

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Tax office turns up the heat

Article Abstract:

The self-managed superannuation funds (SMSFs) are regulated by Australian Taxation Office to provide retirement benefits to the elderly people and achieve better returns from their own finances. Various investment strategies and restrictions related to SMSFs are discussed.

Services information, Services, Powers and duties, Australia. Australian Taxation Office

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