Foundations of SMSF 2018: Getting Money into Superannuation
This product is currently on sale: Use promo code NY25 at checkout to receive 25% off. Hurry, offer expires 11:59pm, Thursday 31 Jan 2019.Whether you’re starting your career in superannuation or an experienced professional looking for a refresher, this session will look at several areas in superannuation that are crucial for any solid foundation
Navigating our superannuation system can be complex. As such, it's important to know and understand the rules so that you can be equipped to find the opportunities and develop the right solutions for your clients.
Whether you're starting your career in superannuation or an experienced professional looking for a refresher, this session will look at several areas in superannuation that are crucial for any solid foundation.
Contributions of cash and other assets into superannuation has always been an important part of accumulating retirement wealth. With changes to contributions around the amount you can contribute as well as the penalties for contributing too much, it is vital that you keep up to date with these developments. Specifically, this session will cover:
- What is a contribution?
- Recognising when is a contribution made
- Who can make a contribution?
- Concessional contribution and non-concessional contributions including CGT election
- Excess contributions tax assessments - recent developments
- In-specie contribution
- Administrative considerations.
This session will provide a solid foundation for any young professional and a great refresher for those more experienced in superannuation.
Session Three: Superannuation investment rules - Complying with SIS
SMSFs have the ability to invest in a wide range of assets, including collectibles, in-house assets and business real property. As such, it is important to understand how the SIS Act and SIS Regulations work to guide and manage the investment activities of SMSF trustees and ensure the fund is maintained for retirement purposes. Specifically, this session will cover:
- An introduction to superannuation investment rules
- The role of the investment strategy in the superannuation fund
- The sole purpose test and how the test applies when a superannuation fund is carrying on a business
- Exotic investments in artwork and collectibles
- Lending money or providing financial assistance
- Borrowing and charges over assets including limited recourse borrowing
- Restrictions on in-house assets and related party transactions
- Investments in related and unrelated unit trusts and companies.
- The types of pensions available
- The taxation treatment of pensions
- Starting pension income streams
- Draw down requirements
- Pension administrative matters
- The tax treatment of lump sums
- How to pay a lump sum
- Low rate cap considerations.
Session Four: Accessing super: SIS provisions, Pensions and lump sums
Moving from accumulation to pension phase is an important process. As such, having a thorough understanding of how the SIS provisions govern pension and lump sum activities is vital leading up to and during your client?s retirement. Specifically, this session will cover:
Whether you’re starting your career in superannuation or an experienced professional looking for a refresher, this session will look at several areas in superannuation that are crucial for any solid foundation
Topic: Financial Advisory and Superannuation
Sub-Topic: Self-Managed Superannuation Funds
Format: Recorded Webinar
Proficiency Level: Foundation
CPD: 1.5 hours