The death of an SMSF member can often catch a fund off guard even when the member’s health is such that their death is expected. There has been a lot of SMSF media coverage about the requirements for making a binding death benefit nomination, whether a payment is a member benefit or a death benefit, the pros and cons of reversionary pensions and of course highlighting the numerous cases where death benefit disputes become the topic for the next SMSF presentation.
In this webinar we will focus on the administrative issues in contemplation of a member passing away. What does the Trust Deed say about the appointment and removal of both a member and a trustee, what does that same set of governing rules say about binding nominations and reversionary pensions. What are the legislative or otherwise timing issues of paying a death benefit, adding/removing members and trustees, reporting for transfer balance account purposes and notifying the ATO and in some instances ASIC of the changes. How does all of this impact the fund?
At the end of this webinar, participants will have an appreciation for:
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Presenter: Tim Miller
Date: Wednesday 15th March
Time: 12:30 pm – 1:30 AEDT
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.