Part IVA risk flagged with re-contribution strategy
SMSF practitioners have been told to provide clients with disclaimers when implementing any withdrawal and re-contribution strategies to warn them of the potential Part IVA risk. DBA Lawyers director Bryce Figot said a lot of SMSF trustees will be looking to implement withdrawal and re-contribution strategies this year to try and equalise balances between members in order to maximise the $1.6 million transfer balance cap.