Our August 2014 Newsletter


Saving tax on superannuation upon death

Binding Death Benefit nominations are necessary to avoid tax on that part of your super which came from tax deductible contributions and income thereon while being accumulated.

Click here to find out how to avoid being taxed unnecessarily.

What can your SMSF invest in?

As the trustee of the Fund, you have the power to make investment decisions. Investments must be for the ‘sole purpose’ of providing retirement benefits for the members of the Fund.

For a list of things you can and cannot invest in, click here.

Which structure is best for you? – Unit Trusts

Following on last issue’s article on discretionary trusts we now discuss another type of trust, that is, the unit trust. A unit trust (UT) is not a separate legal entity but is recognised separately for tax purposes.

Click here for a look at how you could benefit from this structure.

Employee Share Schemes – changes are coming

The federal government is planning to change and reduce the tax burden on the current employee share scheme tax laws. This will be a big relief for start-up companies and companies seeking to attract and retain talented employees.

Click here for more information.


Business is like a man rowing a boat upstream. He has no choice, he must go ahead or he will go back.

– Lewis E. Pierson

*Correct as of Auguest 2014

*Disclaimer – this article has been produced by Kreston Stanley Williamson as a service to its clients and associates. The information contained in the article is of general comment only and is not intended to be advice on any particular matter. Before acting on any areas contained in this article, it is imperative you seek specific advice relating to your particular circumstances. Liability limited by a scheme approved under professional standards legislation.

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