Introduction

By Pauline Hammer

How fast it has come to this time of year again, being our last newsletter for 2009. The December edition of the AIA Self Managed Super Fund newsletter is packed with lots of Christmas holiday reading.

A special thank you to AIA member Margaret Studley for her contribution – Our Self managed Super Fund. Margaret and her husband have been running their SMSF for 28 years.

Graeme Colley of ING provides an overview on drawing lump sums from an account based pension. For readers whom receive Centrelink benefits, this is especially an important read.

Daniel Butler of DBA Lawyers provides us with five important articles which deliver an update on binding death nominations, the benefits and pitfalls of holding various insurance covers within superannuation, tips for making the most of the small business CGT concessions, recent news from the ATO on adding to existing pensions with reserve amounts and an update on SMSF borrowing.

We would like to extend our best wishes for a safe and happy Christmas and New Year to all AIA members and, of course, a peaceful and prosperous 2010.

Pauline Hammer CFP SSA Dip SA Fin Sub-Authorised Representative, Investment Strategists Pty Ltd, Corporate Authorised Representative of Professional Investment Services Pty Ltd AFS Licence 234951 Premium Adviser Rating and Self Managed Superannuation Fund Professionals Association of Australia (SPAA) Specialists Adviser.