SMSF News and Strategies Podcast Show · Chris Reed: Certified Practicing Accountant (CPA), FPS and SMSF Specialist Advisor, Director of Business Concepts Group
SMSF NS126: Transfer balance cap indexation, and loss of capacity
·18 min·1 clip
Sarah Powell explains the crucial, legally-mandated steps SMSF trustees must take immediately if a member loses mental capacity, or risk the fund's compliance.
As heard by us
Clear cap mechanics for SMSFs, with the rules separated enough to follow.
Transfer balance cap indexation only really makes sense when it is set against the total super balance cap and the concessional and non-concessional contribution caps.
Why you'd press play
If cap indexation is confusing, this clears the lanes on contribution caps and pension limits.
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