Does an SMSF Need to Have Life Insurance for members?
LIFE INSURANCE OR NOT FOR MEMBERS. SIS regulations have changed and SMSF trustees are now required to consider the life insurance requirements of the members of the super fund. This requirement now forms part of the Investment Strategy in order to ensure that the fund remains complying. Amended regulation 4.09 (2)(e) states: The trustee of … Continue reading Does an SMSF Need to Have Life Insurance for members?
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