Looking under the hood of SMSF benefit payments

As an industry we have placed a significant emphasis on recent indexation from the view point of contribution opportunities and pension commencements. Whilst not overlooked or undervalued, benefit payments from an SMSF have been subject to annual indexation since the dawn of time (SMSF time), and they play an important role not only at retirement or death but also throughout other stages of life.

This webinar will look at the types of benefit payments made regularly and not so regularly from an SMSF and the different taxation and reporting obligations associated with each. Each payment type will be considered in light of varying conditions of release that members can avail themselves to and the associated obligations that trustees must satisfy to mee their regulatory requirements. Without putting too great an emphasis on pensions versus lump sums, we will also consider appropriate strategic considerations when a member is incapacitated or passes away.

Learning Outcomes:

At the end of this webinar attendees will:

  • Appreciate the nuances of permanent incapacity versus disability superannuation benefits including modifying lump sum benefits
  • Be able to articulate the pros and cons of taking a superannuation death benefit as a lump sum over a pension
  • Determine the appropriateness of terminal illness benefits
  • Understand the reporting and taxation obligations of paying benefits other than a pension from an SMSF

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Presenter: Tim Miller

Cost: FREE

Date: 27 July 2021

Date: 12:30 PM – 01:30 PM AEST

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

Education Manager

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.