About this Episode

Are you sure your self-managed super fund is actually compliant? A lot of people aren't - and the gaps often only surface at the worst possible moment. Danielle is joined by David Taylor, a private client adviser at Morgans with more than a decade of experience and self-managed super at the centre of his practice. David shares a recent fund he took over - originally set up by an accountant - where a binding death benefit nomination had lapsed almost four years earlier, and there was no documented investment strategy at all. Danielle unpacks what a lapsed nomination can mean for the people you leave behind.

In this conversation:

• Why many DIY self-managed super funds fall short of compliance
• What non-compliance can actually cost, including ATO penalties
• A real case study of critical SMSF compliance failures
• Why a lapsed binding death benefit nomination is a serious problem
• The estate planning implications of an invalid or lapsed nomination
• Why regular professional reviews matter as much as a health check

Guest: David Taylor, Private Client Adviser, Morgans
Host: Danielle Little, Founder and Principal
Running time: 15 minutes, 9 seconds