July is a great time to start planning for the events of the new financial year whilst also reconciling all matters related to the prior year in preparedness for a Fund’s annual audit. With a number of key Covid relief measures ceasing from 30 June 2022, exempt current pension income actuarial requirements being amended for 2021-22, contribution and work test updates applying from 1 July 2022 as well as all the usual fund audit requirements, there is plenty to consider.
This webinar will work through a number of key end of year/start of year considerations that should be addressed by funds as required, including but not limited to:
Claiming personal tax deductions for SMSF contributions
Covid relief measures
Lump sum withdrawal elections
Pension commencement notifications
Non-standard fund transactions
Nomination of beneficiaries
At the end of this webinar, participants will have an appreciation for:
SMSF reporting obligations, both ad-hoc and annual
How timing is everything – pensions, contributions, expenses, income
The long term impact of Covid relief items
Reviewing most key SMSF trustee/member decisions annually
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Accredited CPD Education
SuperGuardian’s education activities are assessed against the SMSF Association’s professional education standards. Being recognised as an SMSF Association Accredited Educator enables us to work closely with the Association in lifting the standards of professional SMSF advice and services through quality SMSF education.
Tim Miller is one of Australia’s leading SMSF educators and presenters with over 23 years’ experience in the Superannuation industry. His experience has been gained through providing legislative and compliance support to thousands of Trustees, Accountants and Financial Planners since joining the SMSF sector in 1999. In addition to servicing the needs of SMSF clients, his practical and personable approach to compliance has made him a much sought after presenter.
Tim regularly presents at the major SMSF conferences and events, contributes to various trade and general publications and is the author of one of the subjects of the SMSF Association Graduate Certificate delivered through the University of Adelaide and Kaplan, which has also been adopted as part of the CA ANZ SMSF specialist program.
Tim is an SMSF Association Specialist Adviser.