The son of a wealthy man went with his father to stay on a poor farmer's land for a few days. When they returned home, the father asked the son what he learned. The son said that while they have many luxuries, the poor family had friends and community to support each other. The son realized they are actually poor because they rely on servants and possessions, while the farmer's family is rich in what really matters - each other. The son's perspective changed to appreciate what he does have, rather than focus on what he lacks.
This document discusses the latest trends and strategies for SMSF estate planning, including:
1. Using binding death benefit nominations and including provisions in governing rules to direct benefits to specific beneficiaries.
2. Paying death benefits to "non-traditional" beneficiaries like those in an interdependency relationship.
3. Managing the tax implications of death benefits, including any untaxed elements or use of anti-detriment payments.
4. Preserving fund assets and control after a member's death through strategies like non-member benefit insurance or paying income streams.
Good SMSF estate planning requires a holistic understanding of the SMSF's interaction with a member's other assets and estate plan.
This document discusses the tax implications of an SMSF member commencing an income stream in retirement. Key points include:
- Tony intends to start an income stream from his SMSF at age 60, which means the transfer of his balance to pension phase is not a taxable event.
- Tony and Tracey can remain in the same SMSF, but this means some income and capital gains will be taxable and some exempt depending on the segregated or non-segregated method used.
- The trustees must determine the appropriate recognition of income, expenses, capital gains calculations, and asset valuations between the pension and accumulation accounts. An actuarial certificate may be required depending on the method used.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help protect against developing mental illness and improve symptoms for those who already suffer from conditions like anxiety and depression.
The document contains a collection of short philosophical sayings or quotes. Some of the quotes discuss the importance of focusing on the future rather than the past, acting with courage despite fear, and taking responsibility for one's own growth. The quotes also touch on themes like not needing validation from enemies, allowing yourself to change direction, and creating your own future.
Iman Maleki is an Iranian painter born in 1976 who is known for creating hyperrealistic paintings that look indistinguishable from photographs. He studied painting from a young age and was taught by one of Iran's greatest realist painters. Maleki has had great success exhibiting his paintings, including in important shows in Tehran art museums and galleries. He is considered one of the best realist painters in the world due to his unbelievable technique and talent for making paintings appear identical to photographs.
The son of a wealthy man went with his father to stay on a poor farmer's land for a few days. When they returned home, the father asked the son what he learned. The son said that while they have many luxuries, the poor family had friends and community to support each other. The son realized they are actually poor because they rely on servants and possessions, while the farmer's family is rich in what really matters - each other. The son's perspective changed to appreciate what he does have, rather than focus on what he lacks.
This document discusses the latest trends and strategies for SMSF estate planning, including:
1. Using binding death benefit nominations and including provisions in governing rules to direct benefits to specific beneficiaries.
2. Paying death benefits to "non-traditional" beneficiaries like those in an interdependency relationship.
3. Managing the tax implications of death benefits, including any untaxed elements or use of anti-detriment payments.
4. Preserving fund assets and control after a member's death through strategies like non-member benefit insurance or paying income streams.
Good SMSF estate planning requires a holistic understanding of the SMSF's interaction with a member's other assets and estate plan.
This document discusses the tax implications of an SMSF member commencing an income stream in retirement. Key points include:
- Tony intends to start an income stream from his SMSF at age 60, which means the transfer of his balance to pension phase is not a taxable event.
- Tony and Tracey can remain in the same SMSF, but this means some income and capital gains will be taxable and some exempt depending on the segregated or non-segregated method used.
- The trustees must determine the appropriate recognition of income, expenses, capital gains calculations, and asset valuations between the pension and accumulation accounts. An actuarial certificate may be required depending on the method used.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help protect against developing mental illness and improve symptoms for those who already suffer from conditions like anxiety and depression.
The document contains a collection of short philosophical sayings or quotes. Some of the quotes discuss the importance of focusing on the future rather than the past, acting with courage despite fear, and taking responsibility for one's own growth. The quotes also touch on themes like not needing validation from enemies, allowing yourself to change direction, and creating your own future.
Iman Maleki is an Iranian painter born in 1976 who is known for creating hyperrealistic paintings that look indistinguishable from photographs. He studied painting from a young age and was taught by one of Iran's greatest realist painters. Maleki has had great success exhibiting his paintings, including in important shows in Tehran art museums and galleries. He is considered one of the best realist painters in the world due to his unbelievable technique and talent for making paintings appear identical to photographs.
The document contains a collection of short philosophical sayings or quotes. Some of the quotes discuss time, life experiences, making mistakes, facing fears, creating one's own future, and observing nature without self-pity. The quotes are attributed to various anonymous sources and aim to provide words of wisdom.
This document provides information about Canada including its location in North America, coastlines bordering the Atlantic, Pacific, and Arctic Oceans, and capital of Ottawa. It lists several notable landmarks and places of interest in various Canadian cities and provinces such as Niagara Falls, Lake Louise, and Banff Springs Hotel. The document also references photos from an archive and was presented by someone with an email address included.
Este documento lista os países do continente africano de A a Z, começando pela África do Sul e terminando com o Zimbábue. Fornece os nomes completos de cada nação africana em ordem alfabética.
The document contains a collection of short philosophical sayings or quotes. Some of the quotes discuss time, life experiences, making mistakes, facing fears, creating one's own future, and observing nature without self-pity. The quotes are attributed to various anonymous sources and aim to provide words of wisdom.
This document provides information about Canada including its location in North America, coastlines bordering the Atlantic, Pacific, and Arctic Oceans, and capital of Ottawa. It lists several notable landmarks and places of interest in various Canadian cities and provinces such as Niagara Falls, Lake Louise, and Banff Springs Hotel. The document also references photos from an archive and was presented by someone with an email address included.
Este documento lista os países do continente africano de A a Z, começando pela África do Sul e terminando com o Zimbábue. Fornece os nomes completos de cada nação africana em ordem alfabética.