OnlineSMSFaudit .com.au  e-newsletter

Are you an advisor or a trustee with an SMSF paying a pension after 1st July 2017.

If Yes, then we welcome you to attend our free webinar on "Running a pension in an SMSF post 1st July 2017"

When: 9th November - Thursday

Time: 3.00 PM to 4.00 PM

How to Book: https://www.trustdeed.com.au/bookwebinar.asp

Topics:

It is over 4 months since Treasury Laws Amendment Bill (fair and sustainable Super) become law but still remains one of the biggest areas of confusion, with many practitioners still unsure how to run pensions within a fund. What law you have to remember and what law you have to forget in the post 2017 era is causing most of the confusion.

One of the areas of confusion is segregation of assets from 1st July 2017 and where separate asset allocation for pension members can be used and how Exempt Current Pension Income deduction can be maximised when one of the fund pension member balance is over $1.6M or there are members in the fund who are still accumulating.

Super reforms made it clear that where a pension member has more than $1.6 million (or is on a transition to retirement pension), the SMSF cannot exempt all income over this balance transfer cap amount.

Advisors therefore need to be very careful about how they advice their clients with or without a financial services limited licence as one of the choices can be to withdraw and invest outside super.

Another confusing aspect of running pensions in an SMSF after 1st July 2017 are the use of good old strategies of re-contribution and paying part commutations lump sums and get them included as minimum pensions payments - are these strategies still alive and legal.

In midst of all this ATO has come up with their own interpretation of how ECPI should be calculated by funds who have an accumulation accounts for part of the year.

Lastly, time is running out for funds that are eligible and should consider claiming CGT re-set cost base relief versus funds which should not make a choice as this decision has to be made by the lodgement date of the fund.

Is running two SMSF the solution to all problems? or it can be more complicated in a scenarios where you cannot separate current SMSF assets as rollover of assets to another fund is not permissible unless in a marriage breakdown situation.

ONLINE SMSF AUDIT WORKSHOP (6 CPD HOURS)

Let us show you...

How to reduce SMSF Audit time in half!

Do more with less ...

Australia’s first online SMSF Audit Software – Fully Automated Online SMSF Auditing Software

Workshop : 6 hours from 9.30 am to 3.30 PM

When: 

14th November, 2017 (Tuesday) - Sold out

7th December, 2017 (Thursday) - 5 seats left

Where: Suite 3.04, Level 3, 29-31 Solent Circuit Baulkham Hills, NSW 2153

Cost: $165 incl. GST 

(Includes working Lunch / Coffee + 10 online audits worth $187 + 6 CPD Hours From FPA)

How to Register: Visit  https://www.onlinesmsfaudit.com.au/SeminarBooking.aspx

Benefits/learning outcomes

Recommended For

All SMSF ASIC approved auditors.

CPD Hours

6 CPD hours under self assessment method under RG 243.88 - 90 for Audit of SMSF.

This activity has been accredited for continuing professional development by the Financial Planning Association of Australia but does not constitute FPA’s endorsement of the activity.

Attendee Requirements

Attendees may bring their own Laptops / Ipads for a better understanding - although some attendees may get more from the workshop by looking at the facilitators screen. 

Speaker

Mr Manoj Abichandani

ASIC approved SMSF Auditor, B.Bus(UTS), SMSF Specialist (UNSW) CTA FIPA LREA

Manoj has worked in SMSF space for over 25 years, first as an SMSF specialist advising over 600 funds with a CPA firm and later as an SMSF auditor. He develops and lectures on strategies which are practical and enhances retirement benefits of trustees. He has been working for the last 6 years in writing and developing online SMSF audit software- Australia's first SMSF auditing tool.

 

Price List