SMSF Day 2022

Our smarter smsf technical training day returns face-to-face around Australia in July and August.

2022/07/14 09:00:00

Smart people learn together… 

For the past 2 years we’ve been stuck behind a computer either live streaming or recording technical SMSF training as we worked through a pandemic… and whilst it may be an efficient way of doing things, there is truly no substitute for coming together face-to-face to engage and grow your SMSF knowledge.

That’s why the team at Smarter SMSF is excited to announce the return to live events for our showcase SMSF day – hosted by one of Australia’s leading SMSF specialists, Aaron Dunn, this one-day jammed pack CPD event will be held in 5 capital cities around Australia between 14 July – 3 August 2022.

SMSF ACCREDITED EDUCATOR Logo

 

be a smart cookie…

Come along to an SMSF Day 2022 event, which will provides you with 8+ accredited CPD hours, a 20% ‘bonus’ tax deduction (as announced in the Federal Budget), whilst providing a high quality agenda of SMSF technical content  – all delivered in a practical way (incl. case study) to help apply directly with your SMSF clients.

Agenda

The SMSF day agenda provides attendees with high quality technical content that is presented in a practical context, giving you real life solutions to bring back into your business.

8:30am Registration opens

9:00am Welcome & Session #1

Latest intel on SMSFs

The first session of the day will take an in-depth look at the latest technical, policy and regulatory issues impacting the SMSF sector.  This session will explore (but not be limited to):

  • Reviewing Government policy for matters impacting SMSFs post-election.
  • Exploring the current state of play with the non-arm’s length expenditure (NALE) requirements from 1 July 2022.
  • Understanding the latest requirements with the Government’s approach to the technology neutrality laws, including electronic execution, and dealing with record keeping requirements under the SIS laws.
  • Explore the changing requirements for companies under the director ID laws and how they impact SMSFs.
  • The impact of the ECPI red tape measure changes in the context of completing the 2021-22 financial statements and SMSF Annual Return.
  • Update on the latest ATO regulatory matters, including proposed amendments to TBAR requirements for SMSFs, SuperStream requirements, recent guidance on members who receive benefits in breach of legislative requirements and more.
  • Recent case law, including the High Court decision in Hill v Zuda and its impact of SMSF death benefit nominations.

Duration: 90 mins

10:30am Morning tea

10:50am: Session #2

Exploring contribution opportunities

From 1 July 2022, there are a number key changes to the superannuation laws that open up significant contribution opportunities for your SMSF clients.  In this session we explore (but not limited to):

  • Impact on the removal of the work test for voluntary contributions, including how the timing of contributions applies in the lead up to age 75 for bring-forward rule purposes.
  • What is expected where a member intends on claiming a tax deduction for super contributions under the revised super and income tax laws.
  • How strategies expand for downsizer contributions with the reduction of the qualifying age to 60 years and over.  We will also explore how this strategy can interact with other contribution strategies to maximise contribution opportunities into super.
  • When it may be appropriate to use with the First Home Savers Super Scheme (FHSSS) and strategies that can be used to leverage the increase to $50,000 as a release amount.
  • Opportunities through unused catch up concessional contributions.

To further understand information from this session, attendees will also work through a case study to help identify opportunities to apply back in practice with your SMSF clients.

Duration: 80 mins

12:30pm Lunch break

1:20pm: Session #3

Why all the fuss with SMSF investment strategies?

This has become a significant focus of the regulator to ensure that trustees appropriately formulate, manage and regularly review their fund’s investment strategy.  What does it all mean, and what role can you play in helping trustees to meet the compliance requirements of their SMSF investment strategies? It’s no longer a case of ‘tick & flick’ and ‘set and forget’ – the goal posts have changed.

In this session, we explore a number of areas including (but not limited to): 

  • How you must demonstrate each of the requirements of an SMSF investment strategy (as outlined within SISR 4.09).
  • Understanding the ATO’s published guidance on investment strategies and its impact in meeting the SIS regulations.
  • What other regulatory lessons we can utilise in developing best practice for investment strategies.
  • What the expectations are in conducting regular reviews of a fund’s investment strategy, including how and when you need to document such reviews.
  • What involvements can and can’t you have in dealing with investment strategies – whether you’re licensed or not to provide advice.

Duration: 60 mins

2:20pm Afternoon tea

2:40pm: Session #4

Dealing with Aging SMSF clients

The ATO statistics on SMSF shows that more than 1 in every 5 members of an SMSF is now 70 years of age or older. With this cohort of members having significant larger balances than the average member balance, it provides some important planning and succession considerations, in particular in the event of incapacity or a member’s death.

In this session, we unpack many of these important issues and explore a number of areas including (but not limited to): 

  • Succession and control within a SMSF – who to hand it over to (the role of attorneys), meeting the requirements of section 17A, deed and constitution considerations, whether a guardian may be appropriate and more.
  • Exploring estate planning matters, including who is a SIS dependant to pay death benefits, the options in paying death benefits (incl. any DBNs), procedural aspects for super death benefits being paid from a SMSF, including LPRs as replacement trustee (where relevant).
  • The payment of death benefit super income streams – look at the structuring pensions, such as implications of reversionary vs. non-reversionary pensions, the level of reversionary, alterations to existing income streams, transfer balance cap considerations and more.
  • What impact any decisions around super death benefits have on fund assets
  • What alternatives may need to be considered, including decisions to wind up the SMSF.

This session will include time for a case study to be completed with other attendees at the event.

Duration: 100 mins

4:00pm Wrap-up and close

Buy your tickets

Event partners

The following sponsors have made the smart move join us for the SMSF day events in 2022:

Interested in being a sponsor at the SMSF Day 2022 events?

Send us an email, team@smartersmsf.com to request further information about sponsorship.

FAQs

The ticket provides the nominated attendee with access to attend the live SMSF day event and includes food and beverages throughout the day. Attendees will be provided to access to materials prior to the event should you wish to print.

Yes, but only for 4 or more tickets being purchased.  You should contact us at team@smartersmsf.com to request a coupon code to apply an agreed discount.

Yes, you will be provided with a link in the days before the event to access the event materials.  This will allow you to print slides and other materials for the event should you wish to.

Smarter SMSF will not be providing printed copies of the materials, these will only be provided in electronic form, except for the case studies which will be printed and provided for attendees to work on at your respective table.

In additional to your thinking cap, we suggest a laptop or tablet so you can access the materials for the SMSF day event (unless you have decided to print them and bring with you).

Smarter SMSF will be providing limited printing materials for you on the day – e.g. case studies.

Yes, if you are unable to attend you can transfer the ticket to another attendee on the basis that you have contacted Smarter SMSF to advise of the updated attendee information for the event.

Yes, CPD points will be awarded towards the SMSF Association (as an Accredited Educator), the major accounting bodies (CPA, CAANZ, IPA), and the Tax Practitioners Board (TPB).  CPD hours will also be broken down for FASEA & ASIC purposes, along with recognition for SMSF audit hours.

The CPD certificate will be issued within 5 business days following the event and will be sent to attendees by email.

As part of the Federal Government’s announcement in the 2022-23 budget, Small businesses with annual turnover < $50 million will have access to a new bonus 20% deduction for the cost of external training courses delivered to their employees by providers registered in Australia.

Where paid before 30 June 2022, the bonus deduction can only be claimed in the 2022-23 financial year (not current financial year).

Refer to page 16 of the Government’s Budget fact sheet:

https://budget.gov.au/2022-23/content/download/glossy_jobs.pdf

Please note that this is subject to being passed by Parliament and may be impacted by the upcoming federal election.

At this stage, no.  It is our intention to return to face-to-face events and deliver an event that allows attendees to truly engage with us, asking questions, working through case studies with your peers – things we have found out through a lot of online training.  You simply can’t do these in the virtual world… and we’ve tried!

Got a question?

Do you have an enquiry about our upcoming SMSF day events? Simply complete the form below and a team member will be in contact with you shortly.


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