In this session, Aaron will take you though an in-depth look at the latest technical issues, opportunities and tax planning strategies for your SMSF clients. We will be exploring proposed changes to contribution rules from 1 July 2020, strategies using the carry forward unused concessional contributions, impact of proposed indexation of the transfer balance cap, allocation and timing of pension payments and much more.

In this two-part session, Aaron will be exploring some of the biggest items currently impacting the SMSF sector – investment strategy requirements and changes to the non-arm’s length income (NALI) rules. The ATO’s focus on the requirements of a fund’s investment strategy have changed substantially, so in this session we work through what it required in adequately formulating an investment strategy, understand what is an acceptable approach in the eyes of the ATO, and what giving effect to the investment strategy actually means. Part 2 will then explore the impact of the controversial changes to the NALI rules and understand what is required in dealing with expenditure within the fund to demonstrate an arm’s length dealing. This session will include a case study to help attendees understand the impact of these topics.

1 in 5 SMSF members are now over the age of 70 years which now provides a unique set of challenges to ensure that you are adequately managing risk for them, but also maximising opportunities as clients get older. In this session, Aaron will take you through key considerations to ensure your client’s SMSFs are adequately protected in the event of incapacity and death, but will also revisit some important strategies you should be employing regarding the payment of income stream, multiple super interests and how they effect the member’s transfer balance account. This session will also include a detailed case study for attendees to help takeaway key learnings from this topic.

In this final session, we take the time to demonstrate how you can utilise the Smarter SMSF platform to assist you develop documents on topics and issues covered during today’s session, including using key integrations with both BGL and Class.