Foundations of SMSFs 2021-23 - Session 2

This session provides an outline of the superannuation compliance and taxation rules in relation to superannuation contributions. This is the second module of five in the Foundations of SMSFs series.

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

• Explain what a superannuation contribution is
• Compare the different methods of making a contribution and differentiate the timing outcomes of each method
• Define the rules that allow a superannuation trustee to accept a contribution from or on behalf of a member
• Define the various contribution caps and demonstrate their application
• Define total superannuation balance
• Evaluate the effect of a member’s total superannuation balance on various contribution caps
• Identify the fund contribution reporting requirements.

Benefits
These concise sessions have been specifically designed for our online education platform, to ensure that you get an in-depth understanding of the fundamental SMSF topics in minimal time.