LIFE INSURANCE HELD BY AN SMSF FOR A BUY-SELL AGREEMENT

Current as of June 2015 It is a very common practice for a self-managed superannuation fund (SMSF) to purchase a life insurance policy where the purchase is pursuant to a business buy-sell agreement the member has entered into with their business partners. However, the Tax Office has stated that they believe this common practice is now a breach of the … Read More