5th Annual SMSF Conference 2018
Don’t miss this opportunity to raise the (T)bar on the SMSF strategies you can implement in your practice while we rollover the latest SMSF information directly to you and transfer the balance of updates you need to have on your radar. Experts working at the coalface of SMSF practice will deliver a unique, in-depth, and practical contribution workshop along with step by step guidance
Description
Attend and earn 7 CPD Points/Hours
This conference was recorded in NSW on 20 November 2018
Chair: Jennie Lynn, Director, Brookside Accountants
Strategies for Maximising Contributions
9.00am to 10.00am: TBAR, Rollovers and the Transfer Balance Cap: the What, When, Why and How
- TBAR: what needs to be reported and when
- Why you might consider early reporting and the consequences if you don’t
- Reporting for personal injury compensation
- Review of the 1st TBAR reporting: what are the issues and solutions?
- What to do if you get it wrong
- Things you need to consider for your clients and your practice
Presented by Kim O’Brien, Family Enterprise Advisory and National SMSF Lead Partner, Deloitte
10.00am to 11.00am: Breaking Down the Complexity of Estate Planning
The ripples of the super reforms continue to be felt in your strategies when planning your clients’ SMSF. We will address:
- Control of SMSF and ownership of SMSF assets
- Member death benefit nominations: maximising your client’s position
- Taxation and payment of death benefits
- Death benefits and reversionary income streams
- Changes to segregation and effect on SMSFs claiming ECPI
- Cashing out and re-contribution strategy for estate planning purposes
Presented by David Henriksen, Partner of Superannuation, PKF Sydney/Newcastle; 2017 SMSF Specialist Accountant of the Year, SMSF and Accounting Awards NSW
11.00am to 11.15am Networking and Refreshment Break
11.15am to 1.15pm: PRACTICAL WORKSHOP: Contribution Strategies in the Current Landscape
The super reforms have resulted in constraints on contributions and the amount of concessional taxed benefits. Revisit the rules then delve deeper through hands on, practical applications by use of working examples of contributions strategies.
- Recap of revised contributions rules including their effect on non-arm’s length income, salary sacrifice arrangements, the rolling concessional cap and Division 293 threshold
- 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 considering: the total super balance, the pension account, the bring forward rules, transitional bring forward rules and spouse contributions
- Qualifying for conditional contributions: downsizer contributions, Small Business CGT Concessions, first home super saver (FSS) and structured settlement contributions
- Reserving strategies: Are they effective, what does the ATO think?
- Consider the ramifications of getting things wrong: it’s not the end of the world but the process has changed
Presented by Chris Ketsakidis, Partner, Mills Oakley; CTA; contributing author, Australian Tax Handbook, Thomson Reuters
1.15pm Networking Lunch
Investing, Valuation and Exiting
2.00pm to 3.00pm: Auditor’s Perspective of ATO and Federal Budget Developments: Insights for Your Practice
- Valuation implications arising from the transfer balance cap: the situations you will likely face
- Unlisted and obscure investments: what these are and how to value them
- Triggers for revaluation: why it matters for your clients
- Arm’s length valuations: What is the market value?
- Triennial SMSF audits: avoiding costly mistakes
- SMSF audit hot topics following budget announcements and ATO reviews
Presented by Anna Cooshna, SMSF Auditor
3.00pm to 4.00pm: Property Development in a Fund: Avoiding Traps, Fixing Problems
- 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
Presented by Andrew Yee, Director, Superannuation, HLB Mann Judd
4.00pm to 4.15pm Networking and Refreshment Break
4.15pm to 5.15pm: Winding Up an SMSF: 5 Scenarios, 1 Step by Step Checklist
An SMSF is not for everyone. There may come a time when an SMSF needs to be wound up, for example as a result of death, divorce or dementia. Examine the 5 common scenarios when it is time to exit an SMSF, including case studies and a practical step by step checklist on ‘how’ to wind up the fund.
Presented by Chris Balalovski, Partner, Business Services, BDO
5.15pm Closing Comments by the Chair