January 1, 2020 @ 7:00 pm - January 1, 2030 @ 7:00 pm ACDT$275
This module outlines the requirements of the trustee in the event of the death of a member, the benefit payment options available and highlights the different definition of a ‘dependant’ for the purposes of the super and tax laws.
This module also investigates the ways in which a member can direct their SMSF trustee to pay their benefit when they pass away along with whether taxation deductions are available to the fund once a death benefit has been paid.
This module concludes with a discussion and comprehensive guide to winding up an SMSF.
On completing this module, participants should be able to:
- identify the different types of superannuation death benefit nominations that can be made
- differentiate between a Superannuation Industry (Supervision) Act 1993 (Cth) dependant and a tax dependant
- identify the different tax deductions that may be available to a superannuation fund following the death of a member
- explain how to wind-up an SMSF and associated advice considerations.