Technical Summit delegates to get Federal Budget updates

The 2021-22 Federal Budget has given the SMSF Association’s Technical Summit a cutting edge as delegates will get the opportunity to hear the ramifications of one of the most significant budgets ever handed down for the SMSF sector.

The two-day Technical Summit is being held live on the Gold Coast from 21-22 July.

It is only available to 500 of the Association’s Fellow and Specialist Members.

SMSF Association CEO John Maroney says: “Measures to reform the residency rules for SMSFs, remove the work test for non-concessional contributions for individuals aged 67 to 74 and lower the eligibility age to make downsizer contributions will impact on many SMSFs, so it’s critical SMSF specialists are fully aware of what these changes will mean for their clients.”

Deputy CEO / Director of Policy & Education, Peter Burgess, will fully air these Budget measures in his always compelling Technical Update, and other speakers will also examine what these changes mean in their specific areas of expertise.

Burgess says: “Aside from the Budget update, this Technical Summit will cover a broad range of technical sessions delivered by an outstanding line-up of speakers.

“There will be 90-minute workshops on property development, succession planning, death benefits and the FASEA code of ethics and shorter technical sessions on contributions, cryptocurrency, pensions, gearing, and auditor independence.

Maroney says delegates will also have the opportunity to hear Jeremy Gordon, a leading authority on UK pension transfers.

“Gordon will provide an update on the latest changes to the UK pension transfer rules, discussing the often overlooked and misunderstood issue about how SMSF trustees should be handling UK sourced pension money that has already been transferred.

“Another compelling workshop session will be behavioural finance expert Simon Russell discussing how SMSF professionals can use their knowledge of behavioural finance to better understand and influence their clients.”

Other speakers include Craig Day, Head of Technical Services, Colonial First State, Mary Simmons, Technical Manager, SMSF Association, Bryan Ashenden, Head of Financial Literacy & Advocacy, BT, while industry veteran Meg Heffron, Managing Director, Heffron, will close off the Technical Summit with the topic, “SMSFs Looking forward: Where to from here?”

For those unable to attend, there will be an on-demand option. It will be a shorter version of the Technical Summit and be released a week after the live event.

Registrations are now open via the SMSF Association website.

To see the program, click here.