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Special SMSF Topics 2018: Full Series


Presented by our expert superannuation trainers, these informative and highly practical sessions explore current Australian SMSF issues and essential developments.

Content Discription

Presented by our expert superannuation trainers, these informative and highly practical sessions explore current Australian SMSF issues and essential developments.

For every special topic, we offer a technical session and a case study session.

  • Technical sessions offer learners an in-depth theoretical understanding of the topic and its key principles.
  • Case study sessions use realistic client scenarios to demonstrate the practical application of the topic’s key principles.
  • For further session information please see the Agenda tab

    Benefits

    Keep up-to-date on the key issues and latest developments in the SMSF industry.

    Session One: Issues when lodging the 2017 SMSF return, Technical Session

    Presenter: James McPhedran

    After completion of this topic, successful participants should be able to:

    • Recognize the various issues that arise when lodging the 2017 SMSF return e.g. irrevocable elections for CGT relief, TBA reporting
    • Identify which SMSF clients within their client base are impacted by the various 2017 SMSF Return issues
    • Translate the learnings into practical solutions for clients faced with the variety of lodgement issues.

    Session Two: Issues when lodging the 2017 SMSF return, Case Study

    Presenter: Peter McGinty

    After completion of this topic, successful participants should be able to:

    • Recognize the various issues that arise when lodging the 2017 SMSF return e.g. irrevocable elections for CGT relief, TBA reporting
    • Identify which SMSF clients within their client base are impacted by the various 2017 SMSF Return issues
    • Translate the learnings into practical solutions for clients faced with the variety of lodgement issues.

    Session Three: Death in the new super landscape, Technical Session

    Presenter: Tristan Webb

    After completion of this topic, successful participants should be able to:

    • Name the various terms relevant to the topic of death and SMSFs, including (but not limited to) SIS dependent, tax dependent, BDBNs, reversionary pensions, blended families
    • Explain the new issues arising in respect of SMSFs and death in the new super landscape (the suite of changes to the ITAA 1997 and SIS Act and Regulations taking effect from 1 July 2017 and 1 July 2018)
    • Translate the knowledge and significance of the key terms and new issues to their SMSF client base.

    Session Four: Death in the new super landscape, Case Study

    Presenter: Bruce Thomas

    After completion of this topic, successful participants should be able to:

    • Name the various terms relevant to the topic of death and SMSFs, including (but not limited to) SIS dependent, tax dependent, BDBNs, reversionary pensions, blended families
    • Explain the new issues arising in respect of SMSFs and death in the new super landscape (the suite of changes to the ITAA 1997 and SIS Act and Regulations taking effect from 1 July 2017 and 1 July 2018)
    • Translate the knowledge and significance of the key terms and new issues to their SMSF client base.

    Session Five: The Transfer Balance Cap and reporting obligations, Technical Session

    Presenter: Bruce Thomas

    After completion of this topic, successful participants should be able to:

    • Name the SMSF reporting obligations and options that apply from 1 July 2018
    • Name the different reporting events for SMSFs
    • Explain the purpose of the transfer balance account
    • Identify the reporting obligations for their SMSF clients based on the status of the fund for 2017/18.

    Session Six: The Transfer Balance Cap and reporting obligations, Case Study

    Presenter: Tristan Webb

    After ompletion of this topic, successful participants should be able to:

    • Name the SMSF reporting obligations and options that apply from 1 July 2018
    • Name the different reporting events for SMSFs
    • Explain the purpose of the transfer balance account
    • Identify the reporting obligations for their SMSF clients based on the status of the fund for 2017/18.

    Session Seven: SMSF strategies in the new super landscape, Technical Session

    After completion of this topic, successful participants should be able to:

    • Name the various SMSF strategies that still work in the new super landscape (the suite of changes to the ITAA 1997 and SIS Act and Regulations taking effect from 1 July 2017 and 1 July 2018)
    • Identify the SMSF strategies that no longer work or have limited application in the new super landscape
    • Identify new SMSF strategies that are possible in the new super landscape
    • Translate the knowledge of the above to their SMSF client base.

    Session Eight: SMSF strategies in the new super landscape, Cases Study

    After completion of this topic, successful participants should be able to:

    • Name the various SMSF strategies that still work in the new super landscape (the suite of changes to the ITAA 1997 and SIS Act and Regulations taking effect from 1 July 2017 and 1 July 2018)
    • Identify the SMSF strategies that no longer work or have limited application in the new super landscape
    • Identify new SMSF strategies that are possible in the new super landscape
    • Translate the knowledge of the above to their SMSF client base.

    Session Nine: A round up of contributions, Technical Session

    After completion of this topic, successful participants should be able to:

    • Name and explain the different superannuation contributions including concessional, non-concessional, CGT cap
    • Explain the practical impact of the removal of the 10% test from 1 July 2017 for personal deductible contributions
    • Explain the impact that a member’s ‘total superannuation balance’ has on their ability to contribute from 1 July 2017
    • Apply all of the above learnings to guide clients in regard to their contributions into superannuation.

    Session Ten: A round up of contributions, Case Study

    After completion of this topic, successful participants should be able to:

    • Name and explain the different superannuation contributions including concessional, non-concessional, CGT cap amounts and the downsizing contribution (from 1 July 2018)
    • Explain the practical impact of the removal of the 10% test from 1 July 2017 for personal deductible contributions
    • Explain the impact that a member’s ‘total superannuation balance’ has on their ability to contribute from 1 July 2017
    • Apply all of the above learnings to guide clients in regard to their contributions into superannuation.

    Session Eleven: Pensions and lump sums in the new super landscape, Technical Session

    After completion of this topic, successful participants should be able to:

    • Explain the differences between a retirement phase income stream, TRIS, defined benefit pension and market linked pension
    • Explain the eligibility requirements for a retirement phase income stream, TRIS, defined benefit pension and market linked pension
    • Explain the impact retirement phase income streams, TRIS’, defined benefit pensions and market linked pensions have on the transfer balance account and a member’s ‘total superannuation balance’
    • Explain the impact a lump sum withdrawal will have on a member’s transfer balance account and the resulting reporting requirements
    • Apply all the above learnings to guide clients in regards to pension and lump sum withdrawals from super.

    Session Twelve: Pensions and lump sums in the new super landscape, Case Study

    After completion of this topic, successful participants should be able to:

    • Explain the differences between a retirement phase income stream, TRIS, defined benefit pension and market linked pension
    • Explain the eligibility requirements for a retirement phase income stream, TRIS, defined benefit pension and market linked pension
    • Explain the impact retirement phase income streams, TRIS’, defined benefit pensions and market linked pensions have on the transfer balance account and a member’s ‘total superannuation balance’
    • Explain the impact a lump sum withdrawal will have on a member’s transfer balance account and the resulting reporting requirements
    • Apply all the above learnings to guide clients in regards to pension and lump sum withdrawals from super.
    James McPhedran'sextensive taxation and superannuation experience branches across a wide range of industries from mining and energy, to entertainment and professional tax bodies. Prior to his training role at Chartered Accountants Australia and New Zealand, James was a Tax and Superannuation Advisor at the Knowledge Shop (a wholly-owned subsidiary of Hayes Knight).


    Bruce Thomas has written and presented training on a wide variety of tax topics for tax training clients and for public sessions held by the Organisation. Bruce spent 17 years working for the ATO, including working as a senior officer dealing with GST technical issues in the implementation of GST.


    Peter McGinty FCA is a Chartered Accountant with degrees in Commerce and Law from the University of Melbourne. Peter has over 25 years’ experience in tax and has focused on domestic tax and GST issues, particularly tax issues affecting family businesses, SME’s and high wealth individuals.


    Tristan WebbPrior to joining CAANZ Tristan Webb was National Tax Director at Crowe Horwath for 6 years. Crowe Horwath is one of the largest of Australia’s mid-tier Accounting firms. In this capacity, he was responsible for:

    Group Learning and Development Tax risk management policy;

    Development of group intellectual property on emerging tax issues;

    Developing consistency between member firms through tools, products and processes;

    Business development;

    Brand building, marketing and media liaison;

    Knowledge building at tax specialist level (amongst other responsibilities) ;

    Tristan was also required to report to the Crowe Horwath Board of the Tax Advisory Group on a monthly basis.

    Before joining Crowe Horwath, Tristan was a Training Specialist at the Institute of Chartered Accountants. He has other Big Four and mid-tier Chartered Accounting experience and has worked for Australia’s top legal publisher in Tax and for the Australian Taxation Office for several in various positions.


    EVENT DETAILS


    Topic: Financial Advisory and Superannuation

    Sub-Topic: Self-Managed Superannuation Funds, Superannuation

    Format: Recorded Webinar

    Proficiency Level: Intermediate, Advanced

    CPD: 18 hours