Webinar Recordings

Understanding the 2017 Superannuation Changes

In the May 2016 Federal Budget, the Government announced significant changes to superannuation. However, with a closely fought Federal Election soon afterwards, many of these proposed changes came under intense scrutiny. Now the dust has settled, the resultant superannuation changes have been locked in place and are due to take effect from 1 July 2017.

In the upcoming Webinar, Understanding the 2017 Superannuation Changes, Superannuation consultant, Monica Rule will work through three of the major changes affecting Self Managed Superannuation Funds (SMSFs).

In this one hour webinar, Monica will use various scenarios to explain the new laws as well as things to consider when determining the best course of action for SMSFs to mitigate any negative outcomes.

Monica will address the SMSF changes as they relate to:

  • concessional contribution limits;
  • non-concessional contribution limits; and
  • limits on pension accounts

These changes are expected to have a massive impact on individuals with superannuation balances of more than $500,000 and superannuation pensions worth more than $1.6 million.

SMSF trustees and professionals need to understand these changes so that they can put effective plans in place before 30 June 2017. Being aware of the changes may enable SMSF members to avoid avert incurring on excess contributions, investment earnings and on their pension income.

This webinar is suitable for professional advisers and SMSF Trustees. It assumes a basic knowledge of SMSFs.

Access to this webinar is via Law Central.  To access this webinar click here.

How does the 2016 Budget affect SMSF Trustees?

The Federal Treasurer, Scott Morrison, put forward a number of proposed changes to superannuation in his Budget speech on 3 May 2016. Whilst these proposed changes are not yet law and could change as legislation passes through or is rejected by parliament, there is great confusion amongst SMSF Trustees as to what this will mean to their superannuation strategies.

Webinar presenter, Monica Rule, regularly consults with SMSF Trustees and their advisors on how best to manage SMSF compliance with the superannuation law. Drawing on her 17 years’ experience as a Senior Technical Adviser and Compliance Officer with the Australian Taxation Office, Monica will take you through what the 2016 Budget announcements mean for SMSF Trustees, how they affect existing strategies and what steps can be taken before the changes come in.

SMSF Trustees need to be aware of the proposed changes. Particularly if they:

  • make concessional contributions up to their annual contribution cap,
  • make non-concessional contributions of more than $500,000,
  • have an annual income above $250,000, OR
  • have a superannuation pension balance of more than $1.6 million.

This webinar covers the proposed changes on:

  • Concessional Contributions Caps;
  • Non-Concessional Contributions Caps;
  • Contribution standards;
  • Division 293 Tax;
  • Pension account balances;
  • Transition to Retirement Income Streams;
  • Tax deductions for personal superannuation contributions;
  • Low Income Superannuation Contribution and the Low Income Superannuation Tax Offset;
  • The Spouse Contribution Tax Offset

The webinar is suitable for SMSF trustees and professionals who want to understand the proposed changes and find ways to mitigate any negative impact in the event the changes become law.

Access to this webinar is via Law Central.  To access this webinar click here.

Pitfalls that SMSF Trustees should avoid

Whilst Self Managed Superannuation Funds (SMSF) offer the flexibility and control unparalleled by other superannuation funds, this comes with the added responsibility of establishing and maintaining a complying superannuation fund.  SMSFs trustees have the difficult task of navigating complex superannuation law.  This webinar explores some of the most common issues where SMSF trustees have come unstuck and how to avoid them.  The webinar covers:

  • The rules of residency and what happens when members travel overseas.
  • Aging members – what happens if one of the members loses mental capacity.
  • Using SMSFs to fund your business. The rules around your SMSF lending to members and investment in a member’s business.
  • How money received in an SMSF is treated and how to reduce the tax payable on superannuation benefits.
  • Getting your death benefit nomination right – binding v non-binding and lapsing v non-lapsing nominations.

Access to this webinar is via Law Central.  To access this webinar click here.

Tips and Traps for Property Investment in your SMSF

Investing in property through a Self Managed Superannuation Fund is an attractive option for many people.  However, aside from assessing the risks and returns of such a venture, it is important that potential investors are aware of the rules and restrictions concerning property investments contained in the Superannuation Industry (Supervision) Act 1993 and Superannuation Industry (Supervision) Regulations 1994.

In this webinar, Monica discusses what SMSF trustees and their advisors must be aware of in order for an SMSF to lawfully acquire, maintain or dispose of properties.  The webinar covers:

  • The advantages and disadvantages of investing in property through an SMSF
  • The types of properties an SMSF can invest in
  • Who can an SMSF purchase a property from?
  • How can an SMSF invest in properties?
  • Limited Recourse Borrowing Arrangements
  • Small Business Capital Gains Tax Concessions

Access to this webinar is via Law Central.  To access this webinar click here.

Investment Restrictions for Self Managed Superannuation Funds

In this webinar recording, Monica explains the investment restrictions under the Superannuation Industry (Supervision) Act 1993 and Superannuation Industry (Supervision) Regulations 1994 for Self Managed Superannuation Funds.  Monica covers the legislative requirements and the Australian Taxation Office’s position on what investments are acceptable under the relevant provisions using real life examples.  The webinar covers:

  • Arm’s length provisions
  • Market value
  • The Sole Purpose Test
  • Acquisition of assets from related parties
  • Providing financial assistance to members and relatives
  • The In-House Assets rules
  • Borrowings

Access to this webinar is via Law Central. To access this webinar click here.