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SMSF Evolution Web Series

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The reality of working with SMSF clients through their full lifecycle

Our line-up

Natalie Scott

Natalie Scott
Superannuation Adviser,
Knowledge Shop

Chloe Foster

Chloe Foster
Head of Education and Professional Development,
Diverger

Jason Hurst

Jason Hurst
Technical Superannuation Adviser,
Knowledge Shop

Michael Carruthers

Michael Carruthers
Tax Director, Knowledge Shop

Scott Hay-Bartlem

Scott Hay-Bartlem
Partner,
Cooper Grace Ward

Hayley Mitchell

Hayley Mitchell
Partner,
Cooper Grace Ward

Getting an SMSF right for the client at every stage
Working with the compliance requirements and concessions to achieve the right outcome
When life happens: capacity, disagreements, and divorce 

A Live Instructor Led 6-Part Web Series

The six-part SMSF Evolution Web Series provides an essential walk-through of how to work with clients throughout the lifecycle of an SMSF. Using a single case study, we explore the investment decisions, and the issues and decision points when life happens along the way.

Our case study family will have the complexities of Home & Away;  we’ll explore their investment decisions for property development, the issues that arise when things don’t go to plan, and the investment objective that evolves over time. We’ll also highlight the ‘red flags’ and demonstrate how to keep the fund compliant.

In the pragmatic web series, we’ll work through:

  • the process of establishing the right structure
  • involvement of related parties
  • a property development
  • divorce
  • disagreements and incapacity, and finally;
  • assessing access to the small business CGT concessions

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AU $590 members
AU $660 non members

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Register Team*

AU $1,250 members
AU $1,495 non members

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Knowledge Shop members, login for the discounted rate.

Total 7 CPD Hours

Details

Recorded: 17, 21, 26, 28 Apr & 2 & 9 May 2023

SMSF Association accredited for a total of 7 CPD hours (PETKS230509)

  • 1.5 Technical competence
  • 3.5 Regulatory compliance and consumer protection
  • 1.0 Client care & practice
  • 1.0 Tax (financial) advice

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

The SMSF Evolution Web Series uses a single case study to demonstrate how SMSFs develop and evolve over time. We walk through a related company that undertakes a property development utilising the SMSF balances of some of the directors. We also explore the issues that need to be addressed to ensure that the non-arm's length income rules will not apply to the development.  

Then we walk through what happens to the SMSF when disagreements or divorce emerge and what advisers can do to keep the SMSF running smoothly. Plus, what happens when capacity issues come to the fore and the adviser’s role in that process.

Finally, we cover off the small business CGT concessions and how they might apply. Phew!

What's included?

  • 6 x 1.25 hr webinars (est.)
  • 3 month access to Q&A embedded webinar recording
  • Reference notes

 

1
1.25 CPD hours (est.)

Session 1: SMSF Structuring

April 17, 2023

The process to identify the best structure for your client’s scenario. Using our case study, we identify the structure for the family group to fulfil their property development ambitions for the fund.

  • We methodically work through the options to identify what will and won’t work for the family group, highlighting the advantages and disadvantages of the options
  • Working with the Part 8 associates rules, acquisitions from related parties and why in-house assets are not always a dirty word
  • Getting the set up right
  • Documentation requirements, Director IDs and the issues that emerge in practice
  • Why section 17A is the first and last word, and the SIS Act’s definition of an SMSF and its practical relevance

With Natalie Scott

3
1.25 CPD hours (est.)

Session 3: SMSFs & Property Development

April 26, 2023

Property development is one of the most common catalysts for SMSF set up. It is also the most common compliance problem area. Working with our case study, we look at the complexities of property ownership and development in an SMSF and how to get it right.

  • Preventing a property development breaching its compliance obligations
  • The documentation requirements for each SMSF’s investment in our case study property development and ensuring a smooth audit sign-off
  • What does the ATO really require to be compliant with SMSFRB 2020/1
  • NALI/NALE within a property development with related party builders

With Chloe Foster

5
1.25 CPD hours (est.)

Session 5: Incapacity Issues & Retirement

May 2, 2023

Retirement can be a trigger to review an SMSF’s investments and brings into play pension strategies for retired members. Trustees often consider succession planning but fail to consider the possibility of a member/trustee losing capacity.

  • We consider the liquidity requirements of an SMSF. Liquidity is a requirement of the investment strategy and becomes even more important in retirement
  • What happens if an SMSF can’t or doesn’t make a minimum pension payment?
  • Appointing attorneys as trustees/directors and understanding where it can go wrong
  • The responsibilities of an attorney 
  • What happens when attorneys disagree or do the wrong thing 
  • How the choice of attorney can impact succession and death benefits 
  • Where do we go if client has lost capacity and there is no EPOA in place?

With Jason Hurst & Hayley Mitchell

2
1.25 CPD HOURS (est.)

Session 2: Effectively Running an SMSF

April 21, 2023

What makes a successful SMSF? We explore the areas where SMSFs can fall foul of the rules, identifying the problem areas and red flags that occur in practice. 

  • What is an acceptable investment strategy and what falls short. The implications of the strategy to the SMSFs future.
  • How to structure insurance policies in a tax effective way and managing the complexities of a TPD payment
  • Boosting balances using the unused contribution caps and how to apply in conjunction with other contribution caps
  • Working with TSB balances and the capacity of each member to make non concessional contributions
  • How LRBAs and pension withdrawals impact contributions

With Chloe Foster

4
1.25 CPD HOURS (est.)

Session 4: Family Disagreements & Divorce

April 28, 2023

Even the best laid plans can be derailed when conflict and/or relationship breakdowns occur. We will look at some of the most common issues we see and how to work through these in practice.

  • Understanding the risks of multi member funds and protecting members
  • What advisers should be telling clients considering multi member funds
  • Understanding your role and where legal professionals/other advisers are required
  • The steps you need to take when your clients tell you they are separating/getting a divorce
  • Understanding the practicalities when splitting member balances after a relationship breakdown

With Jason Hurst & Scott Hay-Bartlem

6
1.25 CPD HOURS (est.)

Session 6: Succession

May 9, 2023

The small business CGT concessions offer a way for some or all of the capital gain made from the sale of business assets to be exempt from CGT if certain conditions can be satisfied. We look at the concessions that specifically interact with the superannuation system and the process required to wind-up and roll over to a new fund.

  • The eligibility requirements to access the small business 15-year exemption and retirement exemption
  • The essential timing requirements when making contributions into superannuation in connection with the small business CGT concessions
  • Using our case study, how the small business CGT concessions might apply 
  • The process to wind-up joint SMSFs and roll them into separate SMSFs
  • What to cover off for the auditor when winding up an SMSF
  • How to process a rollover using SuperStream

With Natalie Scott & Michael Carruthers

Our presenters

Superannuation Adviser, Knowledge Shop

Natalie Scott

Natalie ScottNatalie 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.

Tax Director, Knowledge Shop

Michael Carruthers

Michael CarruthersMichael is an adviser, author, in demand presenter, mentor to Knowledge Shop’s technical team, and is well known for his capacity to translate highly technical information into tangible and useable advice for the profession. He has a knack for seeing through the complexity and helping advisers work through highly technical issues with certainty and accuracy.

Michael works with advisers every day to help them negotiate and implement the constant tide of change impacting the industry.

He is a member of the advisory panel for the Board of Taxation and is a member of the reference group for the Board’s review of small business concessions. He was also an expert panel member for the Board’s review of tax impediments facing small business.

Partner, Cooper Grace Ward

Hayley Mitchell

Hayley MitchellHayley Mitchell is a Wills and estates specialist lawyer in Brisbane. Hayley has dual accreditation in succession law (Queensland) and self-managed superannuation funds (through the SMSF Association).

Hayley provides her clients with practical advice in all aspects of estate disputes, estate administration, succession planning for complex structures, superannuation succession planning and business succession.

Head of Education and Professional Development, Diverger

Chloe Foster

Chloe FosterChloe is a sought after commentator and presenter on superannuation and risk. She has a way of transforming technical considerations into practical and transferable knowledge for professional advisers.

She has over 15 years experience in the wealth and risk sectors, working with accountants and advisers to build their technical skills and refine how they deliver these services to clients.

Chloe is a former Associate Director of an SMSF Administration group before building her knowledge in risk with one of Australia’s leading and largest insurers.

Specialising in superannuation and retirement planning, Chloe is a SMSF Specialist Advisor, holds a Bachelor of Business (Finance), and an Advanced Diploma of Financial Services.

Partner, Cooper Grace Ward

Scott Hay-Bartlem

Scott Hay-BartlemScott and his team specialise in advising on tax, superannuation, structuring and restructuring, and estate planning and succession. This includes assisting accountants, financial planners, lawyers and other professional advisers with helping their clients deal with these issues.

Scott regularly provides training sessions on superannuation, tax and estate planning and succession issues and is an SMSF Specialist Advisor.

In addition, Scott is Chair of the SMSF Association and a member of the Society of Trust and Estate practitioners.

Technical Superannuation Adviser, Knowledge Shop

Jason Hurst

Jason HurstJason is an experienced commentator, presenter and writer on superannuation and retirement. He specialises in breaking down complex technical concepts for professional advisors and their clients.

He has over 20 years’ experience in the wealth and retirement sectors, working with accountants and advisers to build their technical skills in superannuation, retirement, Insurance, social security and age care, and enjoys helping to provide the tools to articulate these concepts in a simple and easy to follow way to clients.

Jason also works with the Financial Planning Association (FPA) as a subject matter expert for the CFP 5 program and a technical student mentor to those undertaking the CFP courses.

He has a Bachelor of Economics from the University of Newcastle and holds the Certified Financial Planner (CFP) designation.