The rules, risks & opportunities when a member of an SMSF dies
Wednesdays 30 Sept. & 7 Oct. 2020
FPA accreditation: 22909 Total CPD hours: 2.50
0.75 Regulatory compliance & consumer protection
1.75 Technical competence
SMSF compliance issues putting your clients at risk Effective ways to manage the $1.6m transfer balance cap on death Structuring an SMSF to survive a member’s death
At some point, every practitioner dealing with SMSF clients will need to manage the issues and outcomes of a member’s death. When this occurs, there are some very important issues to deal with to ensure that the ongoing compliance of the SMSF is not at risk - many with strict timeframes.
Then, there are the tax issues to maximise tax outcomes for the recipients of the deceased’s benefits.
This webinar explores what must be done and when – and, what should be actioned to protect the interests of all fund members.
What we cover
The SMSF & Death Benefits Web Series is an essential webinar that steps through the process to plan for and manage the death of a member.
Webinar 1
Pre-deathplanning – issues to consider for an elderly client base.
Cashing requirements for death benefits– when and how can the death benefits be paid out.
SIS Dependant v tax dependant- can the beneficiary receive the death benefit from super.
Interdependency Relationship- when does this apply and what does it mean.
Death benefit nominations and agreements- what can and should be used for various client groups. There are many options available, each with their own levels of complexity and administration requirements.
Webinar 2
Reversionary or non-reversionary pensions? Issues to consider on what's best for your client.
Transfer Balance Cap- how the death benefit impacts transfer balance account of the deceased and nominated beneficiary.
Insurance proceeds- how do the proceeds affect the members balance and taxable/tax free components?
Death Benefit Rollovers– steps to follow and issues to consider.
Restructuring requirements for SMSFswhen a member passes away and how missing important time frame requirements can be detrimental for your clients.
Our presenter
Natalie Scott Superannuation Adviser, Knowledge Shop
Natalie 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 (and wants!).
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.
Natalie Scott
Superannuation Adviser, Knowledge Shop
Register
Individuals
$330 Member $400 Non-member
Office
$595 Member* $665 Non-member*
*The office rate applies per office location (maximum temporarily increased to 20 participants per office location). The PD points for all attendees will be recognised - multiple links at same location if required. We will contact you for the names of your team once you have registered as an office.
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Your recording and any successive recordings you purchase will display on your personal profile.
For Offices (access for up to 10 individuals from the same firm):
Registerand we will contact you to organise login details for your nominated staff members (generally within 24 - 48 hours).
You can also nominate a supervisor from your firm who will be able to see who has completed the webinar and where applicable, their quiz scores.
Your recording will be available for 3 months from the date of purchase and can be viewed as many times as the registered person likes within those 3 months. Once watched, your PD hours will be recorded on the personal profile of the participant.
Terms & Conditions All registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy. No refunds are available for webinar recordings once the Knowledge Shop IQ platform has been accessed. Refunds are only possible if the webinar recording has not been accessed.
