SMSFs: Strategies for the Modern Era
Issues covered include: contributions, property, investments, death benefits, insurance
Description
The impact of recent superannuation reforms are still rippling through the area. Ensure you’re up to date on the cutting edge strategies that your clients will demand regarding contributions, property and investments, death benefits and insurance. With so many changes in recent times it’s frighteningly easy for your strategies to become outdated, so make sure you’re investing your time wisely into staying at the forefront of a successful SMSF practice.
Attend and earn 4 CPD units in Substantive Law
This seminar was recorded in NSW on 26 March 2019
Chair: Lisa To, Partner, Bartier Perry Lawyers
9:00am to 9:05am Opening Comments by the Chair
9.00am to 10.00am: Death Benefits and Binding Death Benefit Nominations
- Death benefits, when they are paid out and to whom
- Reversionary vs non-reversionary: the circumstances
- Tax implications of death benefit payments
- Binding death benefit nominations vs non-binding death nominations
- Pensions, limits and the transfer balance account
- Cashing out and re-contribution strategy for estate planning purposes
- Obligations of executors and administrators in estate administration
- Who benefits can be paid to, and how trustees can and do exercise their discretion
- Snapshot of the disputes that arise in applications for superannuation death benefits and how they can be managed
Presented by Denis Barlin, Barrister, 13 Wentworth Selborne Chambers; Leading Wills & Estates Litigation Junior Counsel, Doyle’s Guide 2018
10.00am to 11.00am: Insurance and SMSFs: Ensuring Insuring is Done Right
- Common life insurance products for SMSFs and their basic features
- Applying for cover and the duty of disclosure
- Claims and the obligations of the member, the trustee and the insurer
- What to do when a claim is declined
Presented by Adrian Coombes, Barrister, Second Floor Wentworth Chambers
11.00am to 11.15am Morning Tea
11.15am to 12.15pm: Property and Investments within SMSFs
- Can an SMSF be in the business of property development?
- SIS Act requirements that come into play
- Structures available to hold property in an SMSF
- Tax considerations and traps to avoid
- Considerations on death and succession planning
- Other allowable investments for SMSFs and those to avoid
Presented by Simon Robinson, Financial Adviser, RSM Financial Services Australia
12.15pm to 1.15pm: Contribution Strategies in the New World of Superannuation
The super reforms have resulted in constraints on contributions and the amount of concessional taxed benefits.
- Recap of revised contributions rules
- How to maximise contributions and avoid the pitfalls of excess contributions tax
- The work test and the circumstances in which over 65s can continue to make contributions
- Interplay between contributions and the total superannuation
- How to work out your non-concessional cap
- The impact of getting things wrong
Presented by Louise Meijer, Partner - Private Business & Family Advisory, Pitcher Partners