Critical SMSF issues surface from new trust income rules
Recent legislation passed by Parliament last week relating to the distribution of income from testamentary trusts may have significant implications for SMSF estate planning, warns an industry lawyer.
Last week, both houses of Parliament passed Treasury Laws Amendment (2019 Measures No. 3) Bill 2019. The bill provides advisers with additional time to complete the FASEA exam and qualification requirements and also rectifies two anomalies arising from the super reform measures implemented from 1 July 2017.
Read more at SMSF Adviser.
