SMSF Planning Strategies to Implement Now – a recorded lunchtime online conference

duration: 2.5 hours

Hear from the experts at this online lunchtime conference. You can watch it on your computer or on your portable electronic device from anywhere.

The conference will be based on our highly successful video webinar technology: there'll be a chairperson and 3 presentations.

One registration can be shared by colleagues within the same firm utilising the same login.

THE PROGRAM

Session 1: Death Benefits: BDBNs or Retain Trustee Discretion?

The choice between trustee discretion and a death benefit nomination requires careful consideration. There are many factors to consider, not least of which are complex estate planning matters. This session looks at key issues, including:

• Understanding limitations of BDBNs – pros and cons explained
• Is removing trustee discretion the right thing to do? – benefits of retaining discretion
• Can an enduring power of attorney make a BDBN?
• Can a BDBN override a reversionary pension arrangement?
• Can you get payments made under a BDBN back?
• Risks with incorrectly completed BDBNs
• Issues arising on marriage breakdown – the importance of planning
• Are estate planning considerations key to retaining trustee discretion?
• Exercising trustee discretion in good faith – a vital requirement
• Case update

Session 2: Maximising Super using the Small Business CGT Concessions

The small business CGT concessions provide qualifying taxpayers an invaluable opportunity to make contributions into their SMSF. This session examines how to best identify and assess opportunities to boosting super using the CGT cap, including:

• Eligibility requirements to access the small business CGT concessions
• Interaction with the work test
• How the CGT cap operates with the CGT retirement exemption and the CGT 15-year asset exemption
• Should an active asset be acquired in an SMSF?
• Timing and record-keeping requirements
• Case studies highlighting how to increase super using the CGT and other contributions caps

Session 3: Contribution and Tax Strategies - Managing the $1.6 Million Cap Strategically

Getting the right contribution and tax strategy is not a case of one size fits all. Understanding when and how to make adjustments is key and this may come down to careful adjustment. This session looks at the key issues, including:

• Spouse contribution splitting - transferring eligible contributions to your spouse
• Registering for GST when incurring eligible expenses
• What to do when you own your business premises
• Investing in direct fixed income securities
• To borrow or not to borrow - when that is the question
• Negative gearing and your SMSF
• Managing in specie transfers efficiently
• Segregating assets to minimize tax
• Withdrawal and re-contributing - when and how?