In this guide
In this article we look at the estate planning issues that are relevant at the SMSF level. This includes how insurance proceeds must be dealt with, tax outcomes for the fund that need to be considered, the payment processes and requirements around member benefits and what considerations may be relevant to the future of the fund.
Insurance proceeds
It’s not uncommon for SMSF members to hold some level of personal insurance cover within their fund, including life insurance, total and permanent disability (TPD) and in some cases, income protection insurance. Some SMSFs may even hold a trauma policy for fund members where that policy was taken out before July 2014.
Read more about insurance inside super.
This guide is available with our SMSF membership add-on
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