by wladvisory | Aug 28, 2018 | Super, Tax News
What is a Binding Death Benefit Nomination (BDBN)? A BDBN is a notice given by a member to the trustee of their super fund which imposes a direct duty on the trustee to pay their death benefits in accordance with their wishes specified in the notice. A BDBN can be... 
by wladvisory | Aug 6, 2018 | Monthly Tax Updates, Tax News
While unearned income distributed by a trust to minor beneficiaries is generally taxed at punitive rates, this is not always the case, in particular where assets have devolved to the trustee as a result of death or disability. Taxpayers and advisers should therefore...