Superannuation Essentials Conference
Issues covered include: superannuation audit, what ATO looking for in audit of super, tax effective pensions, TBAR, practical tips TBAR, SMSF and property investment, investing in property in SMSF, super contributions, sole purpose test, ATO sole purpose test, superannuation strategies, common problems with SMSF, family breakdown and SMSF, SMSF compliance, family law payments to SMSF
Description
Superannuation practitioners have been experiencing tougher times since the release of the accountants’ exemption and the 2017 reforms. You have to be able to answer every single question your clients ask and provide them with practical solutions. Hear from those working at the coalface, keep updated with super compliance, gain practical tips on SMSF audits, and learn the most effective pension, contribution and property investment strategies.
Chair: Russell Reid, Director, Business Advisory & Superannuation
9.00am to 10.00am: LATEST UPDATES: Superannuation Audit: What’s New and What Does it Mean to Your Clients
- A renewed focus on investment strategies:
- Why the ATO focus?
- What should they say?
- What does the auditor actually check for? and why
- Consequences for the fund if the strategy is wrong?
- Non-arm’s length expenses:
- What are the new rules?
- What will the auditor be looking for?
Presented by Belinda Aisbett, Director, Super Sphere
10.00am to 10.15am Morning Tea
PENSIONS AND PROPERTY INVESTMENT
10.15am to 11.15am: Tax Effective Pension Strategies and Practical Tips on TBAR
Now that we’re a few years down the road from the introduction of the transfer balance cap (i. e., the limit imposed on amounts that can be transferred into a pension for which investment income is exempt from tax). You will explore:
- What new pension strategies have emerged to enable SMSF members to make best use of the superannuation world?
- What you should be mindful of when advising your clients to start or stop a pension?
- Are pensions set and forget, or are there actions that can be taken to ensure SMSF members optimise the amount they hold in tax free retirement phase?
- When will it be attractive to restructure a member’s retirement phase pensions in the future?
Presented by Leigh Mansell, Director, SMSF Technical & Education Services, Heffron SMSF Solutions
11.15am to 12.15pm: SMSFs and Property Investment
Examine property investment structuring opportunities for self-managed super fund trustees. Understand the investment strategy requirements and the different ways property can be used to meet future retirement needs. The investment strategy: what is acceptable?
- Real property: types of real property available
- Related parties: with whom can your clients invest?
- Borrowing and LBRAs: how this works
- Unit trusts: when is this a good alternative?
Presented by Alexis Wheatley, Director, Wheatley Wealth Management
12.15pm to 1.00pm Networking Lunch
CONTRIBUTIONS AND RETIREMENT STRATEGIES
1.00pm to 2.00pm: Maximising Contributions and being on Top of Total Super Balance
The sole purpose of a superannuation fund is to ensure that a member has accumulated benefits to meet death and retirement needs. Contributions are the primary way in which to accumulate your clients’ benefits for this purpose.
- Contributions for all phases of your client’s life
- Understanding the work: benefit commencement
- Contribution in the lead up to retirement
- Combining benefit withdrawal and contribution strategies
Presented by Mark Wilkinson, Partner, Superannuation, BDO
2.00pm to 3.00pm: A Practical Guide to Sole Purpose Test and Identifying Compliance Risks
- What is the sole purpose test and why it matters
- Recent cases and ATO’s view on sole purpose test
- Sole purpose test post Royal Commission and APRA review: will this impact SMSFs?
- Case studies and examples
Presented by Yvonne Chu, Head of Technical and Professional Development, Australian Unity
3.00pm to 3.15pm: Afternoon Tea
ESTATE PLANNING AND UNEXPECTED CIRCUMSTANCES
3.15pm to 4.00pm: Practical Superannuation Strategies in Estate Planning
- Death benefits and the transfer balance cap
- Reversionary v non-reversionary pensions
- Child pensions and the transfer balance cap
- Rolling over death benefits
- Death benefit nominations: make sure you get it right!
- SMSFs: control on death and disability
Presented by Colin Lewis, Head of Technical Services, Fitzpatricks Private Wealth
4.00pm to 4.45pm: SMSFs Bracing for Unexpected Circumstances: Family and Relationship Breakdowns and Business Disagreement
Family and relationship breakup when combined with business disagreements can lead to a volatile mix. Sometimes these events can occur unexpectedly but usually the event occurs at the end of a long chain. Look at what may happen with a client’s SMSFs and what the fund trustee and advisors should consider to assist clients for the potential ‘bumpy ride’ ahead. Using a number of case studies, you will cover:
- Impacts on a family law settlement on an SMSF
- Potential SMSF compliance issues and other practical problems
- Advanced planning strategies to help avoid issues with business disagreements
- Tips and traps when dealing with family law payments
Presented by Graeme Colley, Executive Manager, SMSF Technical & Private Wealth, SuperConcepts
Venue
Cliftons Sydney
Level 3, 10 Spring Street
Sydney 2000
NSW
Australia
Directions
Nearby Public Transport:
Train Stations - Wynyard 400m OR Martin Place 500m
Bus Interchange - Clarence Street 450m
Ferry - Circular Quay 1.2km
Parking Information
Parking not included in your registration. Here are some options below.
Secure Park 20 Bond Street - click here for rates
Wilson Park 1 O'Connell Street - click here for rates
Wilson Park 31 Bond Street - click here for rates
Accreditation
Attend the full day and earn 6.5 CPD units
FASEA CPD Allocation: 6.5 hours in Technical Competence
All our conferences are able to count towards your CPD hours in accordance with the regulations of any industry association including CA ANZ, CPA and more. Click here to view your organisations' rules.