Foundations of SMSF's Series 2020-21: Superannuation Essentials


This session provides an introduction to the Australian superannuation system and is the first module in a series that focuses on the compliance and taxation of self managed superannuation funds (SMSFs).

This session provides an introduction to the Australian superannuation system and is the first module in a series that focuses on the compliance and taxation of self managed superannuation funds (SMSFs). Topics for this session include:

  • The Australian retirement income system – the three pillars
  • What is superannuation and the different types of superannuation funds in Australia
  • The Governing rules of a self managed superannuation fund, what’s included and how they operate alongside the superannuation laws
  • The rules that define a self managed superannuation fund
  • The reasons why people set up a self managed superannuation fund
  • The rules about who can provide advice on self managed superannuation funds
  • An overview of the key considerations for a self managed superannuation fund

 

 

Learning Outcomes

 

Upon completion of this module participants will be able to:

  • Explain the three pillars of the Australian retirement income system;
  • Define the different types of superannuation fund structures available in Australia
  • Compare the Trust Deed requirements of an SMSF with the relevant superannuation laws and analyse which prevails over the other in different scenarios
  • Define the requirements for a superannuation fund to be a self managed superannuation fund under the superannuation law
  • Evaluate the various reasons why people establish a self managed superannuation
  • Demonstrate what type of superannuation advice services require specific licensing and who can provide such advice
  • Assess the key considerations of a self managed superannuation fund.

Tracey Besters

SMSF Technical Consultant

Tracey’s extensive experience gives her a valuable insight into the pressures of being in public practice. She also understands the enormous opportunities that self managed super funds (SMSF) offer clients.


EVENT DETAILS


Topic: Financial Advisory and Superannuation, Tax

Sub-Topic: Business Tax, Income Tax, Self-Managed Superannuation Funds, Tax Administration

Format: Recorded Webinar

Proficiency Level: Foundation, Intermediate

CPD: Upto 1.5 hours