July marks the start of a new financial year and 2023/24 sees the return to normal minimum pension requirements, something that we haven’t seen since 2018/19. It is also the first month that we start to identify situations where clients haven’t met their minimum pension obligations for the previous year. Failing to pay the minimum pension has consequences but those consequences are different subject to the type of pension. Similarly there are consequences for paying too much pension. All pensions must meet specific pension standards and failure to meet those standards can impact both the fund and the member.
This webinar explores the income tax and SIS issues where a member fails to meet the pension standards, whether it be a transition to retirement income stream, account based pension or death benefit income stream. Amongst the issues that we consider will be:
At the end of this webinar, participants will have an appreciation for:
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Presenter: Tim Miller
Date: Tuesday 18th July
Time: 12:30 pm – 1:30 AEST
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.