A divorce proceeding can be emotionally stressful and time consuming. In some cases a court order may be issued for a payment to be made from your SMSF to another party.
To pay out SMSF funds to another party, your tax returns need to be up to date before we can issue you a rollover benefit statement to make the payment.
With that in mind, if you find yourself in a situation like this, we ask that you please let us know as early as possible so we can ensure your fund is ready to proceed with such a payment before the court orders are issued.
The court orders often come with a limited time frame, which may be hard to comply with if we do not have advance notice to get things organized and let you know what is required.
Please send us a message via the message section of your portal to discuss this further or if you have something like this on the horizon.