The strategies, process and management of the 1 July change to TBC indexation
Strategies for clients approaching retirement or age 65 How to work out a client's personal Transfer Balance Cap Changes to other superannuation caps
From 1 July 2021, the current $1.6m general transfer balance cap (TBC) will increase to $1.7m. Once the TBC is indexed, no single TBC will apply to all individuals, each individual will have a personal TBC that will be between $1.6m - $1.7m. This will require all SMSF professionals to understand how the personal TBC is calculated to avoid excess TBC problems for your clients.
The increase to the TBC will also add another layer of complexity to the preparation and management of SMSFs. Incorrectly applying the TBC for a client can have a permanent impact on the member’ transfer balance account!
The Transfer Balance Cap Indexation Webinar will cover practical examples to help you apply the changes to your client base and ensure your client does not inadvertently trigger and excess transfer balance determination. We also cover the opportunities and strategies these changes can provide for other superannuation cap changes.
1.25 PD Hours Reference notes included Recording access for 3 months
FPA Accreditation pending
What we cover
The practical issues to help you apply the TBC indexation change to your client base and, the opportunities and strategies these changes can provide for other superannuation cap changes.
Which members will have access to the increase?
When will a member only get a proportion of the increase and how to work out this proportion
How to determine what the new indexed amount will be for each client
Affect for members who have a death benefit pension
Capped defined benefit income streams and the defined benefit income cap
Possible strategies for clients who are close to meeting a condition of release
Recap of the different superannuation contribution caps, what caps will change and what caps will remain the same!
Our presenter
With Chloe Ward National Superannuation Technical Manager Easton Wealth
Chloe 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.
Investment
Wednesday 28 April 2021
12:00pm - 1:15pm AEST in ACT, NSW, TAS & VIC 11:30am SA| 11:00am QLD | 10:30am NT | 09:00am WA
Need group rates? Call (or email) Lee Marshall on 0434 067 133.
Member
Webinar, reference notes + recording access for 3 months
$195 Individual access
$430 Office access*
Non-Member
Webinar, reference notes + recording access for 3 months
$235 Individual access
$480 Office access*
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.
*The office rate applies per office location (maximum number of participants temporarily increased to 20 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.
Requirements
You will need a computer with audio!!
Audio Your computer needs speakers or a headset to hear the audio (do a quick check these work). If you are having problems, you can dial in on the phone number provided on the reminders and confirmation but please note your carrier will charge you at long distance rates.
Software Join the webinar 15 minutes prior to check that your computer systems allow you to download the GoToMeeting software. Or check your connection days before the webinar by going here
Webinar URL To join the webinar, you need to click this link. It was sent to you when you registered and will also be on the reminders - check your spam if you have not received and please contact us ASAP if you have lost.
Changing computers If you need to change computers during the webinar, make sure you log off the webinar on the first computer before logging onto the second computer.
PC requirements PC users (Windows® 8, 7, Vista, XP or 2003 Server) ; Mac users (Mac OS® X 10.6 or newer); Mobile users (iPhone®, iPad®, Android™ phone or Android tablet).
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