Webinar – Insurance, Transfer Balance Caps & Div 296

SMSF Trustees are required as part of their investment strategy to consider holding insurance for fund members.  Insurance policies are a form of investment that many hopes will never be realised but when they are it’s important to know what impact they may have on fund members and/or their beneficiaries but also what impact they can have on a fund. 

In this webinar, Tim Miller from Smarter SMSF will highlight the pros and cons of holding insurance inside an SMSF for members, for a member’s beneficiaries and for the fund itself.  The session will identify how insurance proceeds are treated when they hit a fund, the impact insurance has on the transfer balance cap and contemplate how insurance will interplay with the projected introduction of Division 296 tax.

Learning Outcomes
At the end of this webinar, participants will have an appreciation for:
· The types of insurance that can be held inside a fund.
·The taxation benefits and traps of having insurance inside super.
·How holding insurance in particular member interests will be more or possibly less beneficial.
·How insurance is impacted by superannuation policy changes.

Presenter: Tim Miller

Cost: Free

Date: Tuesday 18th June

Time: 12:30 pm – 1:30pm AEDT

Tim Miller

Tim Miller is the SMSF Technical and Education Manager at Smarter SMSF and is one of Australia’s leading SMSF educators and presenters with over 25 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, he is a Fellow SMSF Association Specialist and was awarded the CEO Award at the 2023 SMSF Association National Conference for services to the SMSF sector.