Macquarie makes super splitting a wrap
David Shirlow
Macquarie Adviser Services have taken advantage of the new superannuation splitting rules by adding a new capability to the Macquarie Wrap platform.
The company announced that the super splitting facility had been introduced to the platform, with the head of Macquarie Technical Services, David Shirlow, saying it would provide clients with a number of significant advantages.
He said while many people believed that the Government’s most recent changes to superannuation had negated the motivation for spouse splitting between couples, there were a number of valid reasons why superannuation investors might still want to do so.
“For example, say the husband has a long service period attached to his super which goes back to fund membership or employment before 1983,” he said. “The couple could consider splitting part of the wife’s benefit across to the husband to make use of his pre-1983 service.”
Shirlow also suggested that some people might be concerned about the possibility that at some stage the Government might reintroduce a limit on the amount of superannuation benefits that each person can take and might consider spouse splitting to keep the size of each spouse’s super much the same.
Head of Macquarie Wrap Product Doug Chang said the superannuation splitting facility had been introduced as part of the continuous consultation with adviser clients.
AUTHOR
Mike Taylor
Recommended for you
The month of April enjoyed four back-to-back weeks of growth in financial adviser numbers, with this past week seeing a net rise of five.
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With the election taking place on Saturday (3 May), Adviser Ratings examines how the two major parties could shape the advice industry in the future.
