Superannuation Essentials
Issues covered include: pension strategies, superannuation contributions, estate planning and superannuation, and SMSFs and unexpected circumstances.
Description
Superannuation practitioners have been experiencing more tough times since the release of the accountants’ exemption and the 2017 reforms. To stand out from the intense rivalry, 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 of the industry, keep updated with super compliance, gain practical tips on the most effective pension, contribution and estate planning strategies.
Chair: Stephen Kuchar, Partner – Private Advisory, Grant Thornton
9.00am to 10.00am: A Practical Guide to Tax Effective Pension Strategies
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). Explore what has been the fallout of the reforms:
- What role do transition to retirement income streams play in this new pension environment?
- Reversionary v discretionary pensions, which one is best for your clients?
- So your client wants more than the minimum, how should you treat additional withdrawals?
- Stopping and restarting pensions: when will it be attractive to restructure a member’s retirement phase pensions in the future?
Presented by Tim Miller, Education Manager, SuperGuardian
10.00am to 11.00am: Maximise the Contributions and be on Top of Your Clients 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 Shirley Schaefer, Partner, Superannuation, BDO
11.00am to 11.15am Morning Tea
11.15am to 12.15pm: 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 Clifford Hughes, Principal, Clifford Hughes & Associates; Accredited Specialist in Taxation and Business Law; Chartered Tax Adviser; SMSF Specialist Adviser
12.15pm to 1.15pm: SMSFs Bracing for Unexpected Circumstances: Family and Relationship Breakdowns and Business Disagreement
Look at what may happen with SMSFs in the event of an unexpected (even if inevitable) family, relationship or business breakdown and what the fund trustee and advisors should consider and address in order to brace themselves for a potential ‘bumpy ride’ ahead. Using a number of case studies, you will examine:
- ASIC’s view on exit strategies
- Potential SMSF compliance issues and other practical problems
- Advance planning strategies
- Tips and traps when dealing with family law payments
Presented by Julie Steed, Senior Technical Services Manager, Australian Executor Trustees
Venue
Stamford Plaza Adelaide Hotel
Level 2, 150 North Terrace
Adelaide 5000
SA
Australia
Accreditation
Attend and earn 4 CPD units
FASEA CPD Allocation: 4 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.