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The one thing you must do to protect your SMSF as you age

The great thing about keeping the fund running is that there is no need to sell assets, stop pensions or pay extra taxes.

Published: 29 September 2022
  • national
  • 29 September 2022
  • Australian Financial Review

Having an enduring power of attorney for your self-managed superannuation fund as you get older means you can share the burden of running the fund. Here’s what you need to know to make the process easier.

The term “power of attorney” is probably well understood – it involves one person (the donor) giving some important legal powers to someone else (the attorney). The attorney can do a wide range of things relating to financial matters for the donor.