New Zealand

This month we have prepared two articles that cover current issues we believe are relevant to SME advisors.

The first article looks at superannuation planning and in particular two recent cases which highlight some of the pitfalls that can arise on the death of an SMSF member.

The second article considers some of the tax implications which can arise on divorce, and how these actually represent potential planning opportunities.

Die, and your superannuation planning dies with you

As if dying was not enough, what if all the superannuation planning for your estate turned out to be ineffective?

There is a common misconception that superannuation will automatically form part of your estate. This is not the case.

For a self-managed superannuation fund, the key question is who has ultimate control of the SMSF on death of a member? Two recent cases highlight the importance of taking the right steps to ensure control rests with the appropriate parties.

Divorce and tax – a big problem or a bigger opportunity?

Transferring assets between spouses as part of a divorce does not always mean 0% tax. Rollovers and exemptions can usually remove the CGT and stamp duty costs, but in some situations tax of up to 46.5% can be triggered.

Fortunately, with a thorough understanding of how the marriage breakdown provisions within the tax laws operate, potential tax problems can not only be overcome, but utilised as a planning opportunity.

Can you turn your clients’ tax issues into a planning opportunity?


Should you require assistance with any tax or superannuation matters, please contact or your William Buck advisor.

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