Update to Super and Pension application form terms and conditions, effective 1 July 2021
Effective from 1 July 2021, under the ASIC Corporations (Consent to Deductions – Ongoing Fee Arrangements) Instrument 2021/124 and ASIC Superannuation (Consent to Pass on Costs of Providing Advice) Instrument 2021/126 the trustee of Mason Stevens Super is required to receive written consent from members before deducting advice fees from a members account.
Previously Mason Stevens had required new members to submit the Renewal or change of advice fee form with their completed application form. New members will no longer need to submit this form as the terms and conditions in the application form have been updated to incorporate the member's consent.
Claiming tax deductions for non-concessional contributions before financial year end
With just a couple of months to go before the end of financial year, it is time to prepare for any clients in Mason Stevens Super who may want to claim a tax deduction on non-concessional contributions made into their super accounts during the 2020/21 financial year. To do so, simply sign and complete a Notice of intent to claim form, available from the Literature Library, and submit it to our team at firstname.lastname@example.org