SuperGuide

Superannuation and retirement planning information

SMSFs and estate planning: What fund members should consider and plan for

SMSFs and estate planning: What fund members should consider and plan for

When it comes to their retirement savings, there are a number of estate planning issues and opportunities that SMSF members need to consider.

In this article, we will look at these opportunities and what you can do to get the best possible outcomes for both you and your beneficiaries.

Death benefit nominations

The trust deed of most SMSFs will allow fund members to nominate an intended recipient of their death benefits. This requires certain paperwork, referred to as death benefit nomination forms, to be completed, signed and witnessed.

About the author

Garth McNally

Garth has worked in the Australian Superannuation industry for over 20 years with a specific focus on self-managed super funds. He provides ongoing support and training to individuals as well as to professionals working in the superannuation area, including advisers, accountants and lawyers. He is a regular contributor to industry publications and to the leading professional bodies including Chartered Accountants Australia & New Zealand (CA ANZ).

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