Webinar – SMSF Benefit Payments – Tips and Traps

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

Cost: Free

Date: Thursday 16th November 2023

Time: 12:30 pm – 1:30 AEST

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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.