10 SMSF Hours in One Day
Join us for 10 practical SMSF workshops and in-depth sessions packed with critical updates and the latest SMSF strategies. Claim 10 specialist SMSF hours in one go with everything you need to know about lump sum death benefit distributions, defined benefits and complex TBAR. Enhance your SMSF administration and get on top of your compliance obligations. Hear the latest contributions and pension strategies and unlock investment options, all from leading experts working at the coalface of these crucial issues
Description
Attend and earn 9.75 CPD hours
Estimated FASEA CPD Categories
1 hour in Regulatory Compliance and Consumer Protection
1 hour in Client Care and Practice
7.75 hours in Technical Competence
9.75 Hours too long? Choose which sessions to do Live Online, and which to do On Demand, so you don't have to do it all in one day
*Simply add each session separately with your preferred delivery method to your cart, and the total will automatically take into account the 10 hours discount
Session 1
SMSF Technical Workshops
Chair: Mark Wilkinson, Partner, Superannuation, BDO; ICAA & CAANZ SMSF Specialist
Estimated 0.75 CPD hour in Technical Competence
7.30am to 8.30am: Utilising Lump Sum Death Benefit Distributions to Avoid Risk and Maximise Results
It’s easy to get it wrong and you only have one chance to get it right. Learn the advanced tips, tricks and strategies for planning for and managing the death benefit including:
- Key professional advisor risks
- Will drafting clashes
- Tax considerations and the be-ready steps
- The claims staking procedure that protects
Presented by Peter Bobbin CTA, Principal Lawyer, Coleman Greig; Preeminent Wills, Estates & Succession Planning Lawyer – NSW, Doyle’s Guide 2020; Chair of Society of Trust and Estate Practitioners (STEP) Australia
Estimated 1 CPD hour in Technical Competence
8.30am to 9.30am: Death Bed Superannuation Withdrawals: Problems and Pitfalls
Making a tax free superannuation member payment shortly prior to the death of a member can minimise the tax that would otherwise be payable on that member’s superannuation death benefit. Understand:
- The practical issues when planning and implementing a member withdrawal shortly prior to death
- Proactive steps to take to ensure success
Presented by Steven Jell, Senior Associate, Cooper Grace Ward; SMSFA Specialist Adviser™
Estimated 1 CPD hour in Technical Competence
9.30am to 10.30am: Defined Benefits and SMSF Complying Pensions Workshop
Advising clients with defined benefits or SMSF complying pensions is not an everyday occurrence for many practitioners. In addition, many of their workings are complex. Accordingly, it is easy for some of their features and interaction with ’normal’ superannuation rules to be misunderstood. Using case studies, review:
- Calculating the total super balance
- Calculating the transfer balance cap
- PAYG taxation of defined benefits
Presented by Julie Steed, Senior Technical Services Manager, Australian Executor Trustees; SMSF Specialist Advisor™
10.30am to 10.45am: Break
Session 2
SMSFs and Real World Practice
Chair: Tracey Scotchbrook, Director, Superology; SMSF Specialist Adviser™
Estimated 1 CPD hour in Client Care and Practice
10.45am to 11.45am: Optimised Administration of SMSFs Shared Between Accountants and Advisers: Who Should do What?
With accountants and advisers needing to work together to service SMSF clients, it is important to understand which specific services should be completed by who in order to deliver a holistic seamless service to the client. Some of the areas that will be dissected include:
- Establishments and Wind Ups
- Investment Strategy
- Contributions and Rollovers
- Pensions and lump sums including TBAR lodgements
Presented by Darren Chinnappa, Manager – Superannuation Division, Nexia Australia; CA SMSF Specialist
Estimated 1 CPD hour in Technical Competence
11.45am to 12.45pm: War Stories on Death Benefits, TBAR Reporting, Frozen Assets and Winding Up SMSFs
Work through real life case studies where things have gone wrong in recent death benefits, and examine practical issues that arise including:
- Determining the beneficiaries and documenting the trustee decisions regarding the death benefit payments
- Reporting the benefit for TBAR purposes (when and how)
- Trustee Succession issues
- Winding up the SMSF
Presented by Tracey Norris, Director – Superannuation Services, Pitcher Partners; CAANZ SMSF Specialist
Estimated 1 CPD hour in Regulatory Compliance and Consumer Protection
12.45pm to 1.45pm: SMSF Compliance Obligations: Legal Guidance to Ensure Trustee Compliance
- Statutory compliance obligations of trustees
- Liability of trustees and directors to prosecutions
- Breaches of the in-house assets, sole purpose and other statutory test/requirements
Presented by Dr Bill Orow, Barrister, Greens List
1.45pm to 2.15pm: Break
Session 3
SMSF Strategies and Advice in the Current Climate
Chair: Katie Timms, National Director, Superannuation & SMSF Services, RSM Australia; SMSFA Specialist Adviser™
Estimated 1 CPD hour in Technical Competence
2.15pm to 3.15pm: SMSF Pension Strategies and Transfer Balance Cap Issues: Exploring Complex Scenarios
- Calculating the TBA, including Total Super Balance, exclusions and breaches
- Optimising TBA with commutation and segregation
- Examine reversionary vs non-reversionary and commutation impact upon death
Presented by David Busoli, Practice Principal & SMSF Specialist Mentor, SMSF Alliance
Estimated 1 CPD hour in Technical Competence
3.15pm to 4.15pm: Pension Funds and Capital Gains and Losses: A Guide to ECPI, Retaining Losses and Selling Assets
- Claiming exempt current income (ECPI)
- Total Super Balance and disregarded small fund assets
- Consider timing of transactions
- How to retain capital losses
- Selling assets that utilised CGT relief
Presented by Matthew Richardson, SMSF Manager, Accurium; SMSFA Specialist Adviser™
4.15pm to 4.30pm: Break
Estimated 1 CPD hour in Technical Competence
4.30pm to 5.30pm: Hot Topic! Latest on Contributions & Retirement Income Strategies
- Updates to Downsizer rules
- Increase in work test age
- Proposed changes to bring forward non concessional contributions
- Outcomes from the retirement income review
- 2019/2020 Unused concessional cap carry forward
- How to allocate income streams for maximum tax advantage
Presented by Sharon Gdanski, Director - Superannuation, Deloitte
Estimated 1 CPD hour in Technical Competence
5.30pm to 6.30pm: PANEL DISCUSSION: The Latest Investment Strategies From the Top Investment Experts
Panellists include:
Michael O’Neill, Portfolio Manager, Investors Mutual Ltd; Adjunct Associate Professor Actuarial Sciences, Bond University
Darren Chinnappa, Manager – Superannuation Division, Nexia Australia; CA SMSF Specialist
6.30pm: Close of Conference
Learning Objectives
- Maximise results from lump sum death benefit distributions
- Learn the traps when making a tax free superannuation member payment just prior to death
- Workshop defined benefits and complying pensions
- Realise best practice SMSF administration between accountants and advisors
- Absorb real life case studies and war stories with SMSFs gone wrong
- Examine trustee compliance obligations and liabilities and where you could be at risk of breach
- Acquire the tricks of the trade in complex pension strategies and TBA
- Discover the in’s and out’s of ECPI, pension funds and CGT
- Understand the recent changes to contributions rules
- Benefit from learning retirement income strategies for maximum tax advantage for your clients
- Hear top tips on the current investment market for SMSFs
This program is accredited by: