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Really need to consider segregated accounts. SMSF admins prefer...

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cafa

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27/09/16

18:43

Post #: 19457324
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Originally posted by uraniumu308 ↑

This is the sticky point of the question
Say there is A and B in the fund the fund has $1.6 M in pension phase
When an audit is done the ATO know what percentage A has invested and B has invested in the fund
so when there is a payment each gets a percentage so if A invested 70% and B has 30% if the payout is say $50000
A gets $35,000 and B gets $15,000 the problem I see is there is no HOTLINE you can call to get an answer if A has invested 100% then what? A gets $1.6 M so how can B get $1.6 M so a fund with 2 people may still only get $1.6 M??

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Really need to consider segregated accounts. SMSF admins prefer not to offer this, at least at the low cost end, as the auditing and accounts are somewhat more complex. for a couple potenially 4 seperate sets of accounts.
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