Pension strategies have now changed because of the new way of determining the exempt current pension income of an SMSF. The amount of the balance taken as a pension, as a commutation or as a lump sum from accumulation phase assets will have a bearing on the when and where of the drawdown.
The requirement to for an actuarial certificate now depends on new requirements which depend on member’s total superannuation balances and whether the fund is required to use the proportional basis.
You will learn about the complex issues involved with the new as well as the requirements for an actuarial certificate.
Webinar Learning Outcomes:
Understand the changes to pension strategies and exempt current pension income since 1 July 2017.
Whether it is better to draw amounts from pension or accumulation accounts.
Know how to drawdown or commute pensions to the client’s advantage.
Find out when you do and don’t need an actuarial certificate for the SMSF.
• Accountants, financial planners, auditors, fund administrators
• Small to medium sized firms
• Intermediate to Advanced
Graeme Colley, Executive Manager, SMSF Technical and Private Wealth for SuperConcepts. Graeme is a well-known figure in the SMSF community with a long-standing reputation as an accomplished SMSF educator, technical expert and advocate for the sector. Graeme has held senior roles in the Australian Tax Office and as an Assistant Commissioner of the Insurance and Superannuation Commission. Most recently, Graeme was Director, Technical and Professional Standards at the SMSF Association.
Your webinar purchase includes:
• PowerPoint presentation
• Supporting documentation
• Webinar Recording to view multiple times for up to 6 months
• An opportunity to ask questions to the presenter
Greater tax exempt income for SMSFs – know the benefits.