The Seven Key Aspects of SMSFs

by Matthew Burgess

Overview

The combination of fundamental changes to the taxation regime,
the vast amounts of wealth accumulated within superannuation funds,
for many the perceived lack of value delivered by industry funds and
the increasing tendency for both business and personal relationships to be
relatively short term (as opposed to lifelong) have meant that traditional
approaches to superannuation have been revolutionised.
In this context, the use of SMSFs has become ubiquitous.
The range of fundamental issues that need to be considered in relation to
establishing and successfully maintaining an SMSF is vast.
This book analyses the key aspects of SMSFs, in the following order:
a. glossary of abbreviations;
b. explanation of the structure of trusts generally, with particular reference
to SMSFs;
c. overview of the fundamental aspects of SMSFs, using an example
‘product disclosure statement’ as the basis;
d. analysis of the main SMSF investment structures, including use of
borrowing;
e. SMSFs, estate planning and asset protection;
f. death benefit nominations;
g. example SMSF trust deed, including comprehensive user notes;
h. template SMSF investment strategy; and
i. pro-forma SMSF nominations (both binding and non-binding).

Product Details

BN ID:	2940046571202
Publisher:	Matthew Burgess
Publication date:	02/08/2015
Sold by:	Smashwords
Format:	eBook
File size:	4 MB

About the Author

Matthew Burgess is one of the four directors and founders of specialist firm View Legal. Having the opportunity to help clients achieve their goals is what he is most passionate about. As Matthew always works in conjunction with trusted advisers (whether it be accountants, financial advisers or other lawyers) and their clients, finding ways to fundamentally improve the value received by those advisers, and in turn their clients, has led him to develop numerous game changing models. Examples include providing guaranteed upfront fixed pricing, founding what is widely regarded as Australia’s first virtual law firm, and more recently, developing a platform that gives advisers access to market leading advice and support for less than $1 a week. Matthew’s specialisation in tax, structuring, asset protection, estate and succession planning has seen him recognised by most leading industry associations including the Tax Institute, the Weekly Tax Bulletin and in the 2014 'Best Lawyers' list for trusts and estates. Work is one aspect of his life Matthew loves, so there is no need to be constantly searching for 'balance'. His other great loves are: 1 Family – they are profiled in various ways through the series of children’s books he has written under the pseudonym 'Lily Burgess' – see www.wordsfromdaddysmouth.com.au and various TV commercials (which is a story for another time); 2 Learning – going cold Turkey on television and most forms of media in late 2005 (the reasons for this are a story for another time) has radically increased Matthew’s ability to study the great authors and inspired him to recently publish a book that explores the concept of 'true success' – see www.thedreamenabler.com.au 3 Health - aside from being a foodie and swimming at least a 5km a week, Matthew installed a stand up workstation in 2007 and among a few other lifestyle choices, it changed his life (again, stories for another time).