Binding Death Benefit Nomination(BDBN)

A BDBN is a legally binding nomination given by a member to the trustee(s) of their super fund which imposes a duty on the trustee to pay their death benefits in accordance with their wishes specified in the notice. In the absence of a valid BDBN, the trustee(s) of...

Tax Deductibility of Finance Advice

Fees paid for obtaining investment advice may or may not be tax deductible. For these fees to be tax deductible the expenditure must be incurred in gaining or producing assessable income. If the fees are not related to a specific investment producing assessable income...