Covid-19 has brought home how quickly circumstances can change for individuals and families. Key decision-makers may be unable to perform their normal role for weeks, or maybe much longer.
Moneta Super will be active in offering to engage with SMSF trustees to make sure that current and potential arrangements for the management of the SMSF in changed circumstances are understood and appropriate. This work may benefit from engaging with other professionals such as lawyers and accountants.
As well, this could be a good time to review SMSF member death benefit nominations and consider any opportunities for beneficial change.
Moneta Super is increasing its efforts in researching more extensive SMSF strategies. We look forward to bringing beneficial new ideas and strategy opportunities to our customers. We sought feedback to confirm the topics and solutions we think would be worthwhile actually appeal to customers. Recently Moneta Super ran a Zoom session with a small group to seek their views on a sample of strategies. Responses were positive and have given further momentum to this project. We will keep in touch with more information on what we are doing and how you might benefit as the pieces fall into place.