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Trusts are used to hold assets for various reasons, but most typically for tax planning and asset protection purposes. Here's a little more insight into how trusts work.
The contribution changes coming in on 1 July will provide more time for spouses in SMSFs to even up their balances and maximise their transfer balance cap, according to an advisory firm.
While the official interest rate increase has seen some SMSF lenders raise their interest rates, others are holding off for now.
New rules are in effect, which will see changes to how SMSFs manage transfer balance lodgement.
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