Bacon, Super & Eggs Seminar - 31 August 2016
SMSFs, PROPERTY DEVELOPMENT AND UNIT TRUSTS | Michael Hallinan & Peter Townsend IS SELF MANAGED SUPER DEAD? (PART I) | Barry McWilliams – SMSF Owners’ Alliance IS SELF MANAGED SUPER DEAD? (PART II) | Liz Westover – Director Private Clients, PwC
SMSF Owners’ Alliance
The dust has settled on the Election result, but where has that left self managed super? What are the new government's intentions? What are the strengths of those policies, and what are the weaknesses? Will those policies get through both Houses of Parliament? How will those policies affect people with, or thinking about establishing, a self managed fund?
Director Private Clients, PwC
Liz Westover presentation at SUPERCentral Bacon, Super & Eggs seminar at the Hilton Hotel, Sydney. What role would an SMSF have in a client's investment set-up? Are the tax concessions still material? How important is the decision as to precisely which investments should be owned by the SMSF? How real is the competition from self directed portfolios in public offer funds? Is the cost of running an SMSF too great now? Is the oft-quoted ASIC limit of $200,000 relevant in any way?
Michael Hallinan & Peter Townsend
Michael Hallinan & Peter Townsend presentation at SUPERCentral Bacon, Super & Eggs seminar at the Hilton Hotel, Sydney.
From 1 July 2012 the Government has announced that all superannuation funds will have a $25,000 Concessional Contribution Cap. Those aged over 50 with super account balances of less than $500,000 will have a Concessional Cap of $50,000. This raises the potential for contribution splitting. Learn how to safely navigate through contribution splitting and how it may provide your clients with some unexpected benefits.
This session tackles the current controversy as to the minimum requirements for a legally effective nomination: Who should witness? What is its effective life? What if the nominee predeceases the member? How does the reversionary pension fit in? How can you tailor a BDBN?
This ruling is considered in detail as it relates to contribution timing, deemed contributions and the impact of contribution deductibility on pension commencement and withdrawals and rollovers.
One common complaint is the time it takes to transfer money from retail, industry and corporate super funds into a Self Managed Super Fund. This presentation will describe the transfer process and steps that can be taken to help speed-up the process.
In May the Administrative Appeals Tribunal agreed with the ATO that the SMSF should be declared non-complying. We'll discuss the case and the lessons that all super funds can learn from it.
The SIS Regulations now require SMSF trustee s to consider the need for insurance cover for their members as part of the formulation and implementation of an investment strategy for the fund. This presentation will consider the practical implications of this change and how SMSF trustees can demonstrate to the fund’s auditor and ATO that they have, in fact, appropriately considered the insurance requirements of their members as part of a properly formulated and implemented investment strategy for the fund. This presentation will also provide a "walk through" of the revised SUPERCentral investment strategy template.
By 1 July next year, at least 6 different areas of administration of SMSFs will change including the rules relating to auditors, the new ‘speeding ticket’ trustee penalty regime, anti-money laundering provisions on rollovers, data standards emanating from APRA, the use of clearing houses by employer contributors and the rule s relating to contribution notification. Tony will review each of these issues with an update as to current status and the likely challenges for fund administration that might result.