SMSF Large Balance and Death Benefit Planning

By Dylan Cresswell CFP ® – Private Client Adviser

We were recently referred to clients Peter and Mary. They are seeking strategic advice in relation to their existing SMSF.


Recent recommendations provided to clients

As part of keeping you up to date on the recommendations that we are discussing with clients, which have been personalised and tailored to their specific circumstances through a personalised ‘Record of Advice’ (RoA), please find below a summary.

It is important to note that this is not specific advice to you but a summary of the main themes and some of the underlying investments that have changed or been recently recommended. As each piece of advice is tailored to every client not all of these recommendations will be or have been applied to clients in the same proportions.


Monthly Commentary

Global equity markets began the year on weaker ground with investors taking a risk-off approach to start 2020. A weaker AUD (-4.7%) resulted in positive returns as represented by the MSCI World Index which rose +4.4% in AUD terms.

Tensions between the US and Iran escalated following the US drone strike and assassination of Iran’s major general Qasem Soleimani. Global equity markets largely shrugged off any major concern here following Iran’s somewhat subdued retaliation.


What to expect with SMSF in 2020

As in recent years, there were numerous changes to superannuation during 2019. Some have been enacted, some announced and not yet law, and others are things to keep an eye out for. This update will tell you what’s important and likely to impact on SMSF and your clients during 2020.


The TIQ go global export program has great news for SMEs in QLD

There is fantastic news for Queensland SMEs! Annastacia Palaszczuk, Queensland Premier and Minister for Trade launched the Trade and Investment Queensland (‘TIQ’) Go Global Export Program on Thursday 6 Feb 2020.


R&D and EMDG Updates

R&D Tax Incentive

Treasury Laws Amendment (Research and Development Tax Incentive) Bill 2019 has been passed by the House of Representatives but due to a number of concerns raised by the Labour government, has been referred to the Senate Economic Committee for inquiry and report by 30 April 2020. A summary of the changes proposed in that bill were provided last month.

We will keep you updated as the inquiry progresses.

R&D tax incentive applications for the tax year ended 30 June 2019 are due for lodgement with AusIndustry by 30 April 2020.

Export Market Development Grant (EMDG)

EMDG applications for the financial year ended 30 June 2019 are due for lodgement with Austrade by 28 February 2020.

Note: There is no ability to lodge R&D tax incentive or EMDG applications past the annual deadlines ie use it or lose it!

For any enquiries or support:

Melbourne team
Brendan Brown Simone Quin

Brisbane team
John Driscoll Sean Fincham

The information in this page contains general advice and is provided by Primestock Securities Ltd ABN 67 089 676 068, AFSL 239180 (‘Prime’). That advice has been prepared without taking your personal objectives, financial situation or needs into account. Before acting on this general advice, you should consider the appropriateness of it having regard to your personal objectives, financial situation and needs. You should obtain and read the Product Disclosure Statement (PDS) before making any decision to acquire any financial product referred to in this page. Please refer to the FSG ( for contact information and information about remuneration and associations with product issuers. This information should not be relied upon as a substitute for professional advice, and we encourage you to seek specific advice from your professional adviser before making a decision on the matters discussed in this page. Information in this page is current at the date of this page, and we have no obligation to update or revise it as a result of any change in events, circumstances or conditions upon which it is based.

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