SMSF entitlements retained in asset splitting decision
A recent Federal Circuit Court case relating to the splitting of assets between a married couple has judged in favour of the wife, thereby retaining her entitlements to a greater portion of the couple’s SMSF.
In making the decision in Northey & Northey handed down on 1 May, Judge McNab decided that the asset pool of Mr and Mrs Northey be divided 57.5 per cent to Mrs Northey and 42.5 per cent to Mr Northey.
Read more at SMSF Adviser.
