Review of Advice Collateral

Transcription

1 Review of Advice Collateral

2 As part of a special working group, we have recently completed an evaluation of the Advice Collateral available to the CPAL network. The focus has been on reviewing the and which form part of the Statement of Advice. These documents are stored within Compass and can also be downloaded from the Adviser Intranet. WHAT HAS CHANGED? Through this process we have updated 54 of these documents with a mixture of, in relevant thresholds and some improvements to standard wording. We have included a table below which outlines which documents have been amended including a short explanation of the which have been made. WHY? We have initiated a full audit of this collateral to ensure that the regular review program has captured all relevant. Between scheduled review dates, our Technical Specialists keep track of any impacting and will initiate any time critical content updates as required. WHEN? The content is currently being updated within Compass any will simply flow through into your completed Statement of Advice when produced using the wizard so no action will be required for you to access the updated content. For non-compass users, the Advice and Technical Library available through your Adviser Intranet is also being updated with copies of these amended documents for download.

3 Establish a Corporate Fund Corporate Review of Wills to Update Estate Planning Diversification Dollar Cost Averaging Invest a Lump Sum using Home Equity into a Platform of Managed s Invest a Lump Sum using Home Equity into Direct Shares Invest in a Cash Management Trust Bank Deposit Invest in Direct Shares Lump Sum Margin Loan (Platform Managed Funds) Portfolio Rebalancing Regular Geared Margin Loan (Platform Managed Funds) Review Portfolio Establish a Special Disability Trust

4 Purchase of an annuity to reduce assessable income to reduce aged care feeds Establishing a Reserve Account SMSF Reviewing a Limited Recourse Borrowing Arrangement (LRBA) SMSF Commencing a Death Benefit Pension (Paid to a Child of the Deceased) Commencing a Death Benefit Pension (Paid to a Spouse or beneficiary other than a child of the deceased) Commencing an Account Based Pension - Other than Transition to Retirement Commencing an Account Based Pension Transition to Retirement (Top-up Income) Commencing an Account Based Pension Transition to Retirement and Salary Sacrificing V 2.2 V 2.3 Commuting a Pension (Death of Member) Convert Transition to Retirement Pension to Account Based Pension Departing Australia Payments

5 Early Release of Benefits (Temporary Incapacity, Compassionate Grounds, Financial Hardship) Joining a Fund for Employer Choice Making a Contribution (Small Business Capital Gains Tax Cap), Making a Non-Concessional Contribution (including Government Co-Contribution and Spouse Tax Offset) Making a Non-Concessional Contribution - Personal Injury Settlement Making a Non-Concessional Contribution for a Child Making a Personal Tax Deductible Contribution Re-Contribution Refreshing a Pension Reviewing an Existing Pension,

6 Rolling a Pension from One Fund to Another Salary Sacrifice (Amended Arrangement), Salary Sacrifice ( Arrangement) Transferring a Foreign Benefit to an Australian Fund V 2.2 V 2.3 Guide - Estate Planning Estate Planning V 1.0 n/a Duplicated document - this version deleted Managed Funds Understanding Diversification Understanding Risk and Return Cap threshold Deeming of Account Based Pensions (ABP) Deeming threshold Granny Flats - Features Rights and Interests Special Disability Trusts

7 Account Based Pensions Lump Sum update, Concessional Contributions Additional wording, Contribution Caps V 2.2 V 2.3 Non-Concessional Contributions V 2.3 V 2.4 Personal Deductible Contributions, Borrowings (Limited Recourse Borrowing Arrangement) V1.1 V 1.2, Transition to Retirement Pensions