SMSFs: Risks and Opportunities
Regulators are increasingly targeting SMSF advisors after finding that 90% of them have breached the law. If you want to stay out of the crosshairs and avoid a regulatory disaster for your practice and your clients it’s critical to keep updated with the latest legislation and understand precisely what regulators require. Take this opportunity to pick up practical tips on TBAR and work out tailored solutions on pensions, contributions, super death benefits and other planning strategies for your SMSF clients.
Description
Attend and earn 4 CPD Points/Hours
Chair: Simon Gow, Director – Private Advisory, Grant Thornton
1.15pm to 2.45pm: INTERACTIVE WORKSHOP: Pension Planning: The Long and Short Run and an Interactive Q&A
Examine the different options available to clients when structuring pensions, including:
- Long term pension options
- Short term pension options
- Transition to retirement pension options
- Balancing options
- Optimising multiple account balances
- Tax and estate planning considerations
Finish with an interactive Q&A session that will assist you in effectively advising your clients.
Presented by Tracey Scotchbrook, Director, Superology Pty Ltd
2.45pm to 3.35pm: Structuring Superannuation Contributions over a Lifetime
- Maximising deductible workplace contributions
- Taking full advantage of contribution splitting
- Structuring your affairs to maximise non-concessional contributions
- Making contributions during your retirement
Presented by Clint McNally, Partner & Executive Financial Adviser, BT Financial Advice
3.35pm to 3.50pm Afternoon Tea
3.50pm to 4.40pm: TBAR: A Step by Step Guide
- Total Superannuation Balance
- Transfer Balance Caps
- When and how to report a Transfer Balance Account event
- What can go wrong with Transfer Balance reporting
- Excess Transfer Balance Account determination issues
- Tips and Traps and useful resources
Presented by Poonam Di Iorio, Associate Director, Nexia Australia
4.40pm to 5.30pm: Practical Planning Strategies with Super Death Benefits
- The superannuation transfer balance cap and the impact on binding death benefit nominations and reversionary pension strategies
- Superannuation death benefit strategies in high net worth estate planning
- Death benefit strategies in blended family situations
- Superannuation death benefit nominations and incapacity
Presented by Chris Craggs, Director, Argurion Finance Group
Presenters
Chair: Simon Gow
For over twelve years Simon Gow has worked within the private advisory team of Grant Thornton Perth as a SMSF specialist advising business and private clients. Simon advises clients on issues that range from establishing and administering SMSFs, dealing with complex compliance issues, and assisting clients with tailored investment strategies to build their wealth in the superannuation environment. Simon is a Director in the Private Wealth team and member of the Grant Thornton Wealth Advisory Services Investment Committee with responsibility for decisions relating to the acquisition, divestment and management of investments across client portfolios to protect and grow their wealth.
Tracey Scotchbrook
Tracey Scotchbrook is a SMSF Specialist AdvisorT and consultant. Early in her accounting career Tracey had the opportunity to work with self managed superannuation funds, setting her on the pathway to specialisation. She is actively involved in the SMSF Association ("SMSFA") and is the former WA Chapter Chair and National Membership Committee Member. Her accreditations include: SMSF Specialist Advisor (SSA) with the SMSF Association, CA and CPA SMSF Specialist, and Charted Tax Advisor with the Tax Institute. Tracey is a regular presenter to industry professionals and trustees, commentator, educator, and writer. In 2009 Tracey was awarded the Praemium Scholarship by the SMSFA.
Clint McNally
Clint McNally has 18 years experience in the Financial Services Industry advising high income business owners & executives, including 6 years with Commonwealth Private Bank leading their advice business in Western Australia. Clint provides holistic financial advice tailored for the complex needs of high net worth business owners, individuals and families with a specialisation covering tax structures, superannuation, asset allocation, investment portfolio construction, estate planning and intergenerational wealth management. Clint’s specialties include Complex needs of high net worth individuals and families, Asset ownership, Debt structure, Superannuation, Estate Planning, Intergenerational Wealth Management, Asset Allocation and Investment Portfolio Construction.
Poonam Di Iorio
Poonam Di lorio's wealth of experience extends across all aspects of SMSFs including fund establishment and administration, compliance, taxation, contribution strategies, commencing pensions, estate planning and wealth management. Poonam takes a genuine interest in her clients and works closely with them to meet their obligations and optimise their benefits of having a SMSF and other retirement goals. Poonam is actively involved in a number of industry bodies including the SMSF Association. She regularly speaks at events and contributes articles to industry journals and publications. She is a registered Chartered Accountant and a qualified specialist SMSF advisor.
Chris Craggs
Commencing his working career in the IT industry, Chris Craggs changed careers in 1995, taking up a position at Westpac. He quickly moved into financial planning and took up a position at Kalgoorlie. In 1998 Chris moved to Bankwest at Bunbury, taking up a senior consultant role. In 2000 he joined an affiliate company of Deutsche Bank and became a qualified authorised representative in 2001. He held various positions of responsibility during this time as a facilitator and team leader, as a director of personnel who implemented and instigated programs particularly in the areas of training and customer service. In 2005 Chris started my own financial planning practice. In 2007, with the support of two business partners, he became a part owner in an accounting practice providing tax agent services. Having a multi disciplinary range of technical skills allows him to provide a comprehensive service to clients that incorporates both accounting and financial planning.
Venue
Parmelia Hilton
Level 1, Meeting Room, 14 Mill Street
Perth 6000
WA
Australia