How to Find Money When a Spouse Dies Suddenly

One of the issues for the administrator of a self-managed pension fund to consider when looking to purchase property as an investment for the fund is the general illiquidity of such an investment and how this illiquidity would affect the fund if it needed money. .

An SMSF could require money to pay a member’s benefit when they reach retirement age, to pay a member’s pension, to pay the proposed Division 296 concessional tax on income from fund assets in excess of $3 million, to pay a member’s request for partial release of benefits due to temporary or permanent disability or to pay a member’s death benefit upon his or her death.

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