T5 Pension strategies for retirement. Tim Miller SMSF Education Consultant Miller Super Solutions
|
|
- Joel Sims
- 5 years ago
- Views:
Transcription
1 T5 Pension strategies for retirement Tim Miller SMSF Education Consultant Miller Super Solutions
2 Extending the client story Sandy s pension commenced in % taxable Sandy made contribution in March 2016 Should Sandy commute existing pension and start a new one? Should Sandy run two pensions?
3 Types of pensions available - SMSF Transition to retirement pensions Account-based pensions Market Linked pensions (term allocated) limited access since 20 September 2007 Lifetime/term pensions no access since 1 January 2006
4 Transition to Retirement Unrestricted benefits are withdrawn first Commutation allowed to withdraw unrestricted non-preserved benefits Commutation does count towards minimum pension Commutation does not count towards maximum pension Subject of ATO Public Determination SMSFD 2014/1 What about 100% preserved?
5 Transition to Retirement NTLG Superannuation Technical Minutes November 2009 Issue 6.4 Electing for a payment from an account based pension to be taxed as a lump sum Basis of question raised can a member with a TTR pension, where the entire balance is preserved, make an election under ITAA Reg so the payment is taxed as a superannuation lump sum rather than a superannuation income stream benefit? ATO response election can only be made if a commutation is possible
6 Transition to Retirement jump 6 years ATO Private Binding Ruling Register Authorisation Number Questions Is your client able make an election pursuant to regulation of the Income Tax Assessment Regulation 1997(ITAR) and have their superannuation benefit taxed in accordance with section of the Income Tax Assessment Act 1997 (ITAA 1997)? Advice/Answers Yes. Multiple other PBRs say the same thing
7 Transition to Retirement Inequity between SIS compliance and tax compliance which takes precedence? What is the intention of the law? (NTLG 2009) What about Exempt Current Pension Income? PBRs , , , Will the benefit count towards satisfying the required minimum pension? ATO The Commissioner is unable to rule!!!!!
8 Julie s TTR Does lump sum strategy work for Julie? Given Julie is 64 unlikely as all her income is exempt Is the TTR strategy beneficial for Julie? 16/17 absolutely TTR still beneficial with appropriate planning MTR reduction November 2016 TTR status lost will gain 100% access to benefits
9 Sandy s dilemma Sandy contributed $400,000 in March 2016 Sandy is 68 Fund-capped contribution limit for Sandy = $180,000 Investigate singular or multiple contributions in March Requirement to return excess contribution Multiple Pension considerations
10 Multiple Pensions v Single Pensions If Sandy has one pension = 42% tax free If have to return $220,000 = $92,400 tax free Does this mean Sandy is better off with a single pension? Alternatively is the pension commencement void due to the contribution not acceptable in first instance? Does Sandy have a choice?
11 Multiple Pensions the pro s and con s Blended families Estate Planning tax savings Trustee Administrative failings minimum shortfalls
12 Contribution Caps - Julie s solution to Sandy s dilemma If we assume that Sandy has to return $220,000 from NCC then his tax-free amount is $180,000 Julie withdraws $180,000 prior to June 2017 Julie re-contributes $180,000 spouse contribution June 2017 This assumes existing NCC rules apply to 30 June 2017 If so then potential for spouse re-contribution $100,000 subject to work test post 1 July 2017 annually until 74 Then there is the CGT Cap to consider? T8 Advanced Contribution Issues
13 Caps all around us Julie and Sandy have issues re what they can put into their Fund Possibly very little or $$$$$$ if CGT Cap Julie currently has $2.3m subject to withdrawal and re-contribution strategy Proposed Transfer Balance Cap says only $1.6m in pension from 1 July 2016 What are the ramifications?
14 Transfer Balance Cap Indexed by $100,000 Any unused cap is calculated as a proportion of cap applicable to future indexation If Julie commences a pension with only $800,000 at 1 July 2017 then 50% If Cap indexes to $1.7m then Julie has 50% = $850,000 If member is only just above the cap what action do they take?
15 Transfer Balance Cap existing pensions Julie has $2.3m in pension $700k excess to cap what options? Re-contribute to Sandy subject to work test Internally roll $700k to accumulation - earnings taxed at 15% If we assume 8% earnings then 15% = $8,400 What about tax offsets franking credits?
16 Asset segregation Only income on assets supporting $1.6m entitled to ECPI deduction Existing property yields 12% Growth not counted towards cap Is it worth segregating property and some cash to the member s pension interests? Must ensure pension liability met
17 Transfer Balance Cap existing pensions Julie has $2.3m in pension $700k excess to cap what options? Leave it in the pension? Expectation this will be taxed similarly to excess contributions! Take it out of super This may be beneficial if minimal assets outside of super
18 What other pension considerations - reversions Reversionary pensions give piece of mind with regards to Estate Planning What piece of mind do they give for Transfer Balance Cap Will RBL style reporting be required to track reversionary pensions Will these pensions count against the Spouses TBC Should we therefore be using this time to formally commute existing pensions to recommence as reversionary? What flow on effect does that have on Social Security?
19 What other pension considerations - commutations Currently full commutation requires pro-rata minimum and then roll back to accumulation What are the logistics associated with full commutations and the transfer balance cap? RBL indexation calculations Do we assume partial commutations are a thing of the past? What flow on effect does that have on Grandfathered Social Security?
20 What other pension considerations - death Pensions are also an insurance based strategy The Transfer Balance Cap does not contemplate insurance If a member takes out life insurance i.e. $2m and dies at 45, what next? Can the spouse only pay an income stream valued at $1.6m? Will this be an exclusion similar to that announced for personal injury?
21 Pension planning strategies for retirement The reduction of the NCC and introduction of the Transfer Balance cap change the way we have to think about strategies What we did pre 2016 may not be possible post 2017 What we did pre 2007 may be dusted off post 2017 We haven t even got started on Market Linked and Lifetime/Term Pensions!!
22 Questions?
23
HOW S POST 30 JUNE WORKING OUT FOR YOU? A CHECKLIST OF WHAT S NEXT
HOW S POST 30 JUNE WORKING OUT FOR YOU? A CHECKLIST OF WHAT S NEXT Presented by Tim Miller Miller Super Solutions Disclaimer The material shown in this presentation has been prepared by Tim Miller from
More informationRecontributions and other super interest(ing) pension strategies. Craig Day Executive Manager, FirstTech Colonial First State 97618: _4
Recontributions Craig Day Executive Manager, FirstTech Colonial First State 97618:4413748_4 CONTENTS Introduction... 3 Superannuation interests, proportioning and tax components... 3 Meaning of a superannuation
More information6/02/2018. TRIS Strategy Tips and Traps. Highlights & learning objective. TRIS fundamentals. Tim Miller
TRIS Strategy Tips and Traps Tim Miller Miller Super Solutions Highlights & learning objective The validity of TRIS and salary sacrifice arrangements Creating new intrists are there benefits in multiple
More information9/02/2018. How Estate Planning has to change. Session overview. SMSFs by asset size 12% Peter Burgess
How Estate Planning has to change Peter Burgess General Manager, Technical Services and Education, SuperConcepts Session overview Rule changes Is TBA control in compression trusted hands? SMSFs by asset
More informationTransfer balance cap and transfer balance accounts
Transfer balance cap and transfer balance accounts Peter Burgess, SuperConcepts August 2017 What you need to know The content of this presentation has been prepared to provide you with general information
More informationTHE EXCEPTIONAL TOPDOCS SMSF DEED SMSF CHANGES OVER TIME
Superannuation in Australia has been undergoing a constantly evolving process. Some industry participants suggest that change needs to cease, as it tends to undermine confidence in Australia s Retirement
More informationSuper Reform in Practice
Super Reform in Practice Webinar 4: Pre and post 30 June SMSF administration March 2017 Web 4 Super Reform in Practice 1 Contents Slides... 4 Notes... 20 SMSF asset valuations... 20 General valuation principles...
More informationA super reform checklist for 1 July 2017
IOOF TechConnect A super reform checklist for 1 July 2017 New super reforms will apply from 1 July 2017. Until then, there are some limited opportunities for your clients. This checklist provides you with
More informationFUTURE OF RETIREMENT STRATEGIES
FUTURE OF RETIREMENT STRATEGIES Disclaimer Heffron Consulting Pty Ltd 2017 This presentation is based on our understanding of the law as at 25 October 2017 and is for general information only. This presentation
More informationThe Ying and Yang of post reform strategies Paper written by: Mark Ellem Executive Manager, SMSF Technical Services, SuperConcepts
The Ying and Yang of post reform strategies Paper written by: Mark Ellem Executive Manager, SMSF Technical Services, SuperConcepts 0 P a g e The Scenario Glory, aged 81, has the following benefits in the
More informationSMSF Pensions 1 Transition to Retirement Pensions. July 2015
SMSF Pensions 1 Transition to Retirement Pensions July 2015 Agenda What is Transition to Retirement? Benefits of TTR pension Reduce work hours and maintain income Boost retirement savings whilst working
More informationNATIONAL SUPERANNUATION CONFERENCE
NATIONAL SUPERANNUATION CONFERENCE Session 9B Written by: Lyn Formica Director McPhersons Stuart Forsyth Director McPhersons Presented by: Stuart Forsyth Director McPhersons National Division 25-26 August
More informationThe Transfer Balance Cap & Death Benefits. Nicholas Ali Super Concepts
The Transfer Balance Cap & Death Benefits Nicholas Ali Super Concepts Estate Planning and the TBC March 2018 What you need to know This content of this presentation has been prepared to provide you with
More information1 July 2017 super changes
1 July 2017 super changes The new $1.6m Transfer Balance Cap One of the most significant reforms included in the Government s Super Reform Package will be a $1.6m cap applying to superannuation income
More informationAccount-based pensions: making your super go further in retirement
Booklet 3 Account-based pensions: making your super go further in retirement MAStech Smart technical solutions made simple Contents Introduction 01 Introduction 03 What are account-based pensions? 05 Investing
More informationSMSF ASSOCIATION ASF AUDITS TECHNICAL UPDATE
ASF AUDITS 1 About the SMSF Association The SMSF Association is an independent organisation focussed on informing, educating, empowering and advocating for all Australians who self manage their superannuation.
More information$1.6 Million transfer balance cap
$1.6 Million transfer balance cap 1 July 2017 super changes From 1 July 2017, a transfer balance cap applies to the value of pensions that can be transferred to retirement phase as well as those already
More informationSuper Changes Webinar 28 February 2017
Super Changes Webinar 28 February 2017 First, a little more about you 2 Welcome Super Changes Most changes start 1 July so it is important that you and your clients are prepared. Outline key aspects of
More informationTransition to retirement pensions
Transition to retirement pensions No matter how many hours you work, if you are over preservation age 1, you can access your super as a transition to retirement (TTR) pension, even if you are still working
More informationDay 2 Superannuation Schools 2012 PLANNING STRATEGIES WITH THE NEW CONTRIBUTION RULES...1
PLANNING STRATEGIES WITH THE NEW CONTRIBUTION RULES...1 Introduction...3 1. ATO gives green light to accessing TWO contributions caps in the one income year...4 1.1 ATO confirms contribution counted towards
More informationReversionary Pensions
SuperGuardian Information Reversionary Pensions A member s estate planning objectives should be taken into account when commencing any new pension. When a super fund member passes away, if they have a
More information23/02/2017. Super Reform CGT Relief Explained the Clock is Ticking! Presented by Mark Ellem Executive Manager, SMSF Technical Services, SuperConcepts
Super Reform CGT Relief Explained the Clock is Ticking! Presented by Mark Ellem Executive Manager, SMSF Technical Services, SuperConcepts 1 Session Outline Object of the CGT relief provisions Segregation
More informationHow to Survive and Thrive under the new Super System
How to Survive and Thrive under the new Super System THE NEW SUPER SYSTEM. In my presentation I plan on covering What will the effect be of the 2018 budget Revisiting CGT relief for transfers back to accumulation
More informationSuperannuation: Income streams
Technical Services TB 31 Superannuation: Income streams Issued by Technical Services on 1 November 2009. Summary There are a number of issues to consider when selecting the appropriate superannuation income
More informationExample: calculation of transfer balance cap and tax
$1.6m super transfer balance cap by Ben Miller, Senior Writer, Wolters Kluwer CCH Abstract: With the announcement of the federal Budget on 2 May 2016, superannuation laws regarding pensions were tipped
More informationTRANSFER BALANCE CAP INTRODUCTION
IS YOUR ESTATE STILL DOING WHAT YOU THINK ITS DOING? HOW THE COULD IMPACT WHERE YOUR MONEY GOES AT DEATH PETER HOGAN HEAD OF EDUCATION AND TECHNICAL TRANSFER BALANCE CAP INTRODUCTION 2 1 General Transfer
More informationMLC Facts and Figures
For adviser use only MLC Facts and Figures 2017/18 Contents Tax 1 12 Super accumulation phase 13 30 Super access and taxation of benefits 31 44 Super pension phase 45 56 Social security 57 66 Aged care
More informationTransition to retirement (TTR) pensions
Transition to retirement (TTR) pensions No matter how many hours you work, if you are 55 or over, you can access your super as a transition to retirement (TTR) pension, even if you are still working full
More informationLEGISLATIVE AND REGULATORY SMSF CHANGES
YEAR 2018 Superannuation Guarantee Work Test and Contributions Limited Recourse Borrowing Exempt Current Pension Income & Actuarial Certificates CHANGE Government announced it will permit individuals with
More informationMacquarie Adviser Services
14 Macquarie Adviser Services tech talk Written by David Shirlow, Head of MAStech, Macquarie Adviser Services Super TPD reinvented in a post-reform world In the last few months we have seen a number of
More informationSuperannuation & Estate Planning
Superannuation & Estate Planning Legalwise Seminars SMSF s: Property, Death & Taxes Monday, 30 March 2015 Denis Barlin Barrister 13 Wentworth Selborne Chambers 02 9231 6646 dbarlin@wentworthchambers.com.au
More informationCHANGING FACE OF SMSFs
CHANGING FACE OF SMSFs December 2014 Helping professionals grow their SMSF business Contents General Advice Warning... 2 FSI Final Report... 3 Direct borrowing by superannuation fund... 3 Reforming excess
More informationWhat s changed, what s about to change and what s still to come. Peter Burgess General Manager, Technical Services & Education, SuperConcepts
What s changed, what s about to change and what s still to come Peter Burgess General Manager, Technical Services & Education, SuperConcepts Session overview 1. Contributions 2. SMSF integrity measures
More informationSUPERANNUATION CHANGES ANNOUNCED IN THE BUDGET AS CHANGED BY AN ANNOUNCEMENT ON 15 SEPTEMBER 2016 By Trevor Nock
SUPERANNUATION CHANGES ANNOUNCED IN THE 2016-17 BUDGET AS CHANGED BY AN ANNOUNCEMENT ON 15 SEPTEMBER 2016 By Trevor Nock Removal of the work test for those aged 65 to 74 This proposal that was announced
More informationTransfer balance cap. Phil Broderick Principal Sladen Legal. SISFA Webinar 24 May 2017
Transfer balance cap Phil Broderick Principal Sladen Legal SISFA Webinar 24 May 2017 Everything we do embodies the passion and entrepreneurial spirit of our clients. Phil Broderick Principal Sladen Legal
More informationADDITIONAL INFORMATION BOOKLET
ADDITIONAL INFORMATION BOOKLET Issued by Diversa Trustees Limited (ABN 49 006 421 638, AFSL 235153, RSE Licence No. L0000635) as Trustee of the HUB24 Super Fund (ABN 60 910 190 523, RSE R1074659, USI 60
More informationFirstTech Super guide. FirstTech was ranked 1st by advisers for Technical Support in the 2011 Wealth Insights Fund Manager Service Survey.
FirstTech 2011 12 Super guide FirstTech was ranked 1st by advisers for Technical Support in the 2011 Wealth Insights Fund Manager Service Survey. This Super guide has been developed to provide you with
More informationSuperConcepts SMSF Regulatory Update. Philip La Greca SuperConcepts
SuperConcepts SMSF Regulatory Update Philip La Greca SuperConcepts SMSFs Regulatory Update March 2016 What we will cover ATO integrity measures Buy/sell agreements Dividend stripping Related Party Loans
More informationQIEC Income Stream INSIDE: Product Disclosure Statement. How to start a. QIEC Income Stream
QIEC Income Stream Product Disclosure Statement Issued 29 September 2017 INSIDE: How to start a QIEC Income Stream Transition to Retirement Account and Retirement Income Account benefits How to invest
More informationSuperannuation reform: commutation of a death benefit income stream before 1 July 2017
Practical Compliance Guideline PCG 2017/6 Superannuation reform: commutation of a death benefit income stream before 1 July 2017 Relying on this Guideline This Practical Compliance Guideline sets out a
More informationTransfer balance account credits and debits
Guidance note for super 16 account credits and debits Towards a sustainable superannuation system In the 2016 17 Budget, the government announced a number of changes designed to improve the sustainability,
More informationMoving your Self Managed Super Fund (SMSF) into Pension Phase
Moving your Self Managed Super Fund (SMSF) into Pension Phase Moving accumulated superannuation benefits to pension phase is a common way to fund retirement income. If you have a self managed superannuation
More informationSuper and Pension. Additional Information Brochure. Date issued 5 December 2017
Super and Pension Additional Information Brochure Date issued 5 December 2017 Issued by: ClearView Life Nominees Pty Limited ABN 37 003 682 175 AFSL 227683 RSE Licence No L0000802 as Trustee for the ClearView
More informationSuperannuation. A Financial Planning Technical Guide
Superannuation A Financial Planning Technical Guide 2 Superannuation Superannuation overview 4 Superannuation contributions 4 Superannuation taxation 7 Preservation 8 Beneficiary nomination 9 Conditions
More informationUnderstanding the $1.6 million transfer balance cap Version 1.2
Understanding the $1.6 million transfer balance cap Version 1.2 This document provides some additional information about the $1.6 million transfer balance cap discussed in the SOA so that you can understand
More informationSuperannuation Superannuation
Superannuation Superannuation Using superannuation as a savings vehicle is a tax-effective way to increase your savings to meet your retirement goals. Types of superannuation funds There are many types
More informationStatePlus Retirement Fund
StatePlus Retirement Fund Additional Information Booklet ISSUED 10 NOVEMBER 2018 Issued by State Super Financial Services Australia Limited trading as StatePlus ABN 86 003 742 756, AFS Licence No 238430,
More informationMarket Linked Pensions
Market Linked Pensions 6 October 2016 Market linked pensions are a type of complying income stream available for retirees in a Self-managed superannuation fund (SMSF). The terms of a market linked pension
More informationGo-To Guide CGT relief
Go-To Guide CGT relief SMSF Association Technical Team Table of Contents Key Advice Issues... 2 Prohibition of the use of the segregated method and member investment choice... 3 Segregated assets method...
More informationEstate Planning Superannuation death benefits
Estate Planning Superannuation death benefits Nominating a beneficiary to receive your superannuation benefits upon your death gives you peace of mind knowing that the funds will be paid according to your
More informationn Print clearly, using a BLACK pen only. n Place X in ALL applicable boxes.
Self-managed superannuation fund annual return 2013 WHO SHOULD COMPLETE THIS ANNUAL RETURN? Only self-managed superannuation funds (SMSFs) can complete this annual return All other funds must complete
More informationIOOF LifeTrack employer super general reference guide (LT.13)
Employer and Corporate Super Issued: 1 October 2012 IOOF LifeTrack employer super general reference guide (LT.13) LifeTrack Employer Superannuation LifeTrack Corporate Superannuation Contents Everything
More informationThe Super Brief newsletter
Update on New Regulations and Legislation as at 1st July 2013 As a result of the midyear economic update in June there are a number of policy announcements and Legislation that was intended to be implemented
More information6/02/2018. Start me up Commencing a pension the right way. The scope of this session. When and why do members start pensions? Reach preservation age
Start me up Commencing a pension the right way Neal Dallas, Principal, McInnes Wilson Lawyers Chris Humphrey, Principal, Chris Humphrey Private Wealth Management The scope of this session This session
More informationNewsletter June 2017 Vol. 3
October 2016 Vol. 1 Newsletter Capital Gains Tax Relief The changes to superannuation announced in the 2016 Federal Budget have been passed by Parliament. Amongst the changes was legislation which provides
More informationTHE 3 AARRRR S OF WEALTH PROTECTION AND ESTATE PLANNING. Matt Manning Technical Consultant
THE 3 AARRRR S OF WEALTH PROTECTION AND ESTATE PLANNING Matt Manning Technical Consultant Agenda 1. Super death benefits refresher 2. Super EP strategies 3. Non-super EP strategies Death benefits refresher
More informationBenefit Payment Request
Benefit Payment Request Please print in black or blue pen, in uppercase, one character per box. A Benefit Payment Request - Instructions Important information about accessing superannuation benefits Accessing
More informationCommuting Defined Benefit Pensions in an SMSF
Commuting Defined Benefit Pensions in an SMSF The information in this presentation has been prepared by Accurium Pty Limited ABN 13 009 492 219 (Accurium). It is general information only and is not intended
More informationESTATE PLANNING FOR SUPER
LEANNE CONNOR WGC BUSINESS ADVISORS ESTATE PLANNING FOR SUPER 25 October 2017 Level 7, 128 Exhibition Street, Melbourne (03) 9654 1811 lc@wgcba.com.au What is Estate Planning? What are the tools in the
More informationNON-CONCESSIONAL CONTRIBUTIONS: TOP 10 TIPS
1 Will Moloney, Macquarie Group Will Moloney is a technical services manager for Macquarie Technical Services. Will has over 20 years of financial services experience, with expertise in superannuation,
More informationPlanning for SUCCESSion. NATHAN PAPSON Principal Lawyer Papson Legal. (03) , 97618: _4
NATHAN PAPSON Principal Lawyer Papson Legal (03) 9078 4430, nathan@papsonlegal.com.au 97618:4413748_4 CONTENTS Planning for... 1 1. Introduction... 1 2. Conditions of release... 2 3. Contributions... 6
More informationthe Right money in the Right hands at the Right time
the Right money in the Right hands at the Right time Beneficiary Nominations 2017 (03) 9459 2966 advice@warringalfs.com.au Making the right super beneficiary nomination 30 January 2017 Binding and reversionary
More informationPensions: Odds and Ends
SMSFs WHAT IS HOT Pensions: Odds and Ends TR 2013/5 requires first year account based pensions to withdraw at least two pension payments (a series of payments) in the first year to be eligible for exempt
More informationMLC MasterKey Super & Pension Fundamentals MLC MasterKey Super & Pension How to Guide
MLC MasterKey Super & Pension Fundamentals MLC MasterKey Super & Pension How to Guide Preparation date 1 July 2018 Issued by The Trustee NULIS Nominees (Australia) Limited ABN 80 008 515 633 AFSL 236465
More informationDay 2 Superannuation Schools 2011 ADVANCED PLANNING STRATEGIES FOR SUPER PENSIONS...1
ADVANCED PLANNING STRATEGIES FOR SUPER PENSIONS...1 Introduction...3 1. Setting up a tax-effective SMSF pension...4 1.1 Background to the proportioning rule calculating the tax free and taxable components
More informationSmart strategies for running your own super fund 2012/13
Smart strategies for running your own super fund 2012/13 Set your super free Self managed super is the largest and fastest growing super sector in Australia. Over 2,000 new funds are established every
More informationRolling over death benefit income streams
IOOF TechConnect Technical bulletin: Winter 2015 Rolling over death benefit income streams 1 Refund of excess non-concessional contributions 3 In-house assets versus related party investments 7 Need to
More informationWith over half of all SMSF members aged 55. planning trends. Self-managed superannuation funds
54 www.fssuper.com.au Volume 04 Issue 02 2012 Deborah Wixted Colonial First State Deborah Wixted is head of technical services at Colonial First State Investments. She has been with the FirstTech team
More informationThe Executive Superannuation Fund
The Executive Superannuation Fund Pension Fact Sheet The Executive Superannuation Fund offers you flexibility as you approach retirement. Although superannuation is money set aside for your retirement,
More informationIOOF Portfolio Service Allocated Pension Product Disclosure Statement
IOOF Portfolio Service Allocated Pension Product Disclosure Statement What is inside? An introduction to IOOF Portfolio Service Allocated Pension 2 Investing in an IOOF Portfolio Service Allocated Pension
More informationSuperannuation contribution splitting
Superannuation contribution splitting 1 TB 09 TECHNICAL SERVICES ISSUED ON 1 JULY 2018 VERSION 1.6 ADVISER USE ONLY Summary Superannuation contribution splitting allows a member to transfer their employer
More informationStrategy Paper: Pre Retirement Pensions. SMSF Specialists Investment Management Financial Planning Accounting
Strategy Paper: Pre Retirement Pensions 190 Through Road Camberwell VIC 3124 T: (03) 9809 1221 F: (03) 9809 2055 enquiry@gfmwealth.com.au www.gfmwealth.com.au ABN 69 006 679 394 SMSF Specialists Investment
More informationPlanning for an adult disabled child. Bryce Figot Director, DBA Lawyers
Planning for an adult disabled child Bryce Figot Director, DBA Lawyers Overview Benefits of SMSFs for adult disabled children When to set up the SMSF? What to do upon disablement? How to treat roll overs
More informationSuperWrap Annual Report. For the year ended 30 June 2015
SuperWrap Annual Report For the year ended 30 June 2015 Contents Welcome page 1 Recent legislative change page 2 Investment information page 4 Other important information page 8 Financial information page
More informationA Financial Planning Technical Guide
Self Managed Superannuation Funds A Financial Planning Technical Guide Securitor Financial Group Limited ABN 48 009 189 495 AFSL 240687 Contents What is a self managed superannuation fund (SMSF)? 3 What
More informationSuperannuation year end planning for the 2016/17 financial year
Superannuation year end planning for the 2016/17 financial year The end of the financial year always seems to crop up faster than it should. Given the impending July 2017 superannuation changes, being
More informationDay 1 Superannuation Schools WHAT S NEW FOR SMSFs Key warning areas in the ATO s regulation of SMSFs...2
Contents Topic Page No. WHAT S NEW FOR SMSFs...1 1. Key warning areas in the ATO s regulation of SMSFs...2 1.1 Legal ownership of SMSF assets...2 1.2 Illegal access to preserved benefits...3 1.3 SMSF status
More informationC A V E N D I S H S U P E R A N N U A T I O N P T Y L T D
S U P E R A N N U A T I O N P T Y L T D S P E C I A L I S T S I N S E L F M A N A G E D S U P E R A N N U A T I O N ABN 30 007 778 341 T E C H N I C A L U P D A T E B U D GET S PECIAL I N T H I S I SSUE
More informationYear End Planning Key Issues
Year End Planning Key Issues With the end of financial year fast approaching, now is a good time to think about opportunities and risks that should be addressed before 30 th June 2017. To help you with
More informationDeath benefits to children post 1 July
Death benefits to children post 1 July 14 March 2017 This article summarises the modified rules and implications of the super reforms when death benefits are paid to a child from 1 July 2017. Note: This
More informationTrust Deed for a Self Managed Superannuation Fund
Trust document issued by: Superannuation Warehouse Australia Pty Ltd 3 \ 480 Collins Street, Melbourne, VIC, 3000 ABN 62 141 409 449 Tel 03 86106999 Fax 03 8610 6334 Mobile 0411241215 admin@superannuationwarehouse.com.au
More informationASC Superannuation Fund
ASC Superannuation Fund Pension Product Disclosure Statement Preparation date: 14 October 2010 The issuer and Trustee of the ASC Superannuation Fund (ABN: 22 686 138 434) is The Trust Company (Superannuation)
More informationSUPERnews. We sort through the budget changes. Federal Budget Changes. How the changes. Proudly serving our members.
SUPERnews Federal Budget Changes We sort through the budget changes How the changes impact your fund Proudly serving our members How the budget changes impact your fund Pages Accumulation Plan... 2, 4,
More informationEstate Planning Strategies
Estate Planning Strategies Overview of Our Services Services SuperIQ and Super Concepts provides a full range of SMSF services SMSF accounting and administration services End of Year service (closed to
More informationSUPERANNUATION CONTRIBUTION SPLITTING
SUPERANNUATION CONTRIBUTION SPLITTING TB 09 Technical Services Version 1.6 Issued On 1 July 2018 SUMMARY Superannuation contribution splitting allows a member to transfer their employer and/or personal
More informationSuperannuation Property Borrowing
Superannuation Property Borrowing Samuel Mantarro Principal & Senior Advisor CFP 1 Disclaimer This presentation is for general information only. Any advice in it has been prepared without taking into account
More informationPENSION. Product Disclosure Statement. Staff Superannuation Plan. Dated: 1 July 2018
Staff Superannuation Plan PENSION Product Disclosure Statement Dated: 1 July 2018 Issuer: IOOF Investment Management Limited ABN 53 006 695 021 AFS Licence No. 230524 as Trustee of the IOOF Portfolio Service
More informationTax on contributions. Non-concessional (after tax) contribution caps. Concessional (before tax) contributions
This document summarises the main Federal Government taxes that apply to superannuation at the time of publication. For more information, contact Catholic Super on 1300 655 002 or the Australian Taxation
More informationTypes of contributions concessional, non-concessional, capital gains tax (CGT) cap contributions and personal injury contributions.
TB 59 Contributions Issued on 1 July 2013. Summary A superannuation fund has strict rules set by law for the acceptance of. The client s age, the type of contribution and work status are some of the factors
More informationChallenger Retirement Fund
Retirement Fund Annual Report Fund Information Statement for the year ended 30 June 2017 Issuer Challenger Retirement and Investment Services Limited (ABN 80 115 534 453) (AFSL 295642) (RSE Licence Number
More informationSMSF PDS TABLE OF CONTENTS SMSF PDS...1
SMSF PDS TABLE OF CONTENTS SMSF PDS...1 1. This PDS...1 2. Overview of SMSFs...1 3. Governing Rules...2 4. Costs...2 5. Maximum of Four Members...2 6. Strict Laws and Penalties...2 7. SMSF Advantages and
More informationSMSF Modelling. Meg Heffron. Rely on our excellence for SMSF administration, compliance, documentation, advice
SMSF Modelling Meg Heffron Rely on our excellence for SMSF administration, compliance, documentation, advice SMSFs what s the main game? Presumably for most: Ensure capital provides adequate retirement
More informationSuperannuation. A Financial Planning Guide
Superannuation A Financial Planning Guide 2 Superannuation Contents Superannuation overview 4 Superannuation contributions 4 Superannuation taxation 7 Preservation 8 Beneficiary nomination 9 Conditions
More informationFee Guide and Additional Information booklet
Issue date: 1 January 2017 Fee Guide and Additional Information booklet Zurich Superannuation Plan and Zurich Account-Based Pension Important notes Preparation date: 25 November 2016 This document is the
More informationNESS Pension Product Disclosure Statement (NESS Pension PDS)
NESS Pension Product Disclosure Statement (NESS Pension PDS) 30 September 2017 Power up your retirement with a NESS Pension This Product Disclosure Statement is issued by NESS Super Pty Ltd ABN 28 003
More informationMLC Facts and Figures 2011/12
MLC Facts and Figures 2011/12 MLC Facts and Figures 2011/12 MLC Facts and Figures 2011/12 Tax 1 14 Super 15 36 Income Streams 37 50 Social Security 51 60 Aged Care 61 66 Insurance 67 75 This information
More informationMOving Ahead June 2017
MOving Ahead June 2017 Prepared by Luke Hooper, Special Counsel In this edition... ASIC s Supervisory Cost Recovery package of Bills have been passed and await Royal Assent; Regulations introducing a new
More informationSuperannuation. A Financial Planning Technical Guide
Superannuation A Financial Planning Technical Guide 2 Superannuation Contents Superannuation overview 4 Superannuation contributions 4 Superannuation taxation 7 Preservation 9 Beneficiary nomination 9
More informationConverting small business wealth to SMSF savings CGT small business concessions. Jordan George, Senior Manager- Technical & Policy SMSF Association
Converting small business wealth to SMSF savings CGT small business concessions Jordan George, Senior Manager- Technical & Policy SMSF Association Agenda A quick overview of the CGT small business concession
More informationThe type of assets into which investments are made will depend on the investment strategy of your fund.
Super funds 1 July 2018 (updated annually) Creating your investment portfolio by making contributions to a superannuation fund can be one of the most effective ways to save for your retirement. What is
More information