Recent ATO statistics highlight that more and more SMSF trustees are being disqualified for illegal early access of their superannuation benefits. Whilst the overwhelming majority of trustees and members do the right thing when it comes to withdrawing super, there are plenty of things to consider to ensure the SMSF and/or the members don’t fall foul of the rules. In this webinar, Tim Miller from Smarter SMSF will delve into the rules around accessing super and will take a deeper dive into the options that avail themselves to trustees when paying a benefit. Amongst other items, the webinar will cover: · In-specie benefit payments· Commutations versus pension payments· Drawing from accumulation v pension interests· Member benefits v death benefits· Taxation of benefit payments· What happens when it goes wrong Learning outcomes:
At the end of this webinar, participants will have an appreciation for: · the different types of benefit payments available to SMSFs.· how the nature of the benefit payment can impact the timing and treatment· the taxation implications of accessing super both legally and illegally
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Presenter: Tim Miller
Date: Thursday 16th November 2023
Time: 12:30 pm – 1:30 AEST
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.