How to Manage External Life Cover and Avoid Contribution Mistakes
Self-managed super fund (SMSF) members holding life insurance policies across legacy APRA funds face complex administrative hurdles, potential tax consequences, and strict contribution limits, according to superannuation specialist SMSF Adviser reports. Managing separate policies often requires maintaining extra fund accounts, navigating SuperStream rollovers, and avoiding inadvertent tax traps. Managing Legacy APRA Fund Cover and Dual … Read more