From 1 July 2021 SMSFs can have up to 6 members in a fund, an increase from the previous limit of 4. Anecdotally this has generated far more interest than many people within the industry thought it would which means there is also a thirst for information about the potential ramifications, both good and bad, of increasing fund membership beyond the traditional average of 2.
This webinar will contemplate the various pros and cons of adding more members to an SMSF regardless of whether a fund is trying to max out at 6. Issues to be discussed will include, but not be limited to investment decisions, stapled super, fund fees, segregation, fund control and dealing with disasters. We will also delve into the impact changing from 4 to 6 will have on other provisions of Superannuation law.
At the end of this webinar, participants will have an appreciation for:
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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.