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Managing the Outcome of Div 296

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The practical issues, application and strategies to work with the $3m super tax in practice

The expenses that can and cannot be claimed as a deduction
Step-by-step guide to dealing with insurance proceeds
Concessions in the tax system for impacted clients

A Live Instructor Led Webinar

The new Div 296 $3m tax on earnings in a superannuation fund is scheduled to come into effect from 1 July 2025. Clients just want to know the practical impact on them, and if there are strategies to minimise the impact of the tax.

The Managing the Outcome of Div 296 webinar walks you through real life case studies that demonstrate not only how the new super tax applies in practice, but the myriad of practical and planning issues that need to be addressed. And, time is of the essence to work with clients to manage the implication of the tax - what your clients do in 2024-25 will have an impact.

We walk through a range of common scenarios exploring funds with liquidity issues, volatile assets, and how the death of a spouse could expose the client to the Div 296 tax. We also consider scenarios where some clients may be better off moving some of their superannuation funds to other structures/investment.

And, we’ll help you with the timing issues to ensure that your clients have adequate time to manage the impact of the tax.

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AU $195 members
AU $235 non-members

Register Me

Register Team*

AU $520 members
AU $595 non-members

Register Team*

Knowledge Shop members, register through the portal for the discounted rate
(new portal | retiring portal)

Total 1.25 CPD Hours (est.)

Details

Recorded: 28 February 2024

SMSF Association accreditation pending

Terms & conditions: All registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy. No refunds are provided for cancellations received 1 day prior to the webinar. No credits are available less than 2 hours prior to the event under any circumstances.

*Office Registrations. Maximum 15 participants per firm (must have same email domain). The PD points for all attendees will be recognised and links will be provided to all attendees.

What we cover

Using case study scenarios we’ll explore:

 

What's included?

  • 1.25 (est.) CPD hour webinar
  • 3 month access to complete Q&A embedded webinar recording
  • Reference notes
  • The practical issues
    • Calculating the tax and understanding the timing issues
    • How the member’s total superannuation balance is calculated and why this is important
    • Working with assessments and the options for payment
  • Assessing the impact of the tax on the client’s position
    • Options and impact of restructuring
    • The impact of market valuations
  • Managing fund assets
    • Working with volatile assets
    • When there is a loss in earnings

Our presenter

Superannuation Adviser, Knowledge Shop

Natalie Scott

Natalie Scott RNatalie has spent well over a decade immersed in the intricacies of how SMSFs operate, navigating an increasingly complex legislative and regulatory environment, and managing the issues that arise servicing client needs.

She has led the SMSF divisions of mid and second tier firms and understands SMSFs from the ground up – accounting, tax, structuring and advice. At Knowledge Shop, Natalie is an advisers’ adviser, helping the profession clarify the practical requirements and opportunities of SMSFs. She brings this knowledge to her presentations and explores the issues in a very practical way – knowledge that is immediately transferable in practice.

Natalie is a Chartered Accountant and a specialist member of the SMSF Association.