Module – SMSF Controls – planning for life events

OVERVIEW

This topic provides the relevant references to paying benefits from a self-managed superannuation fund (SMSF) in the event of the death of a member.

It revisits the trustee requirements on death, the benefit payment options and references the appropriate taxation.

The topic also investigates the ways in which a member can direct the trustees of their fund to pay their benefit when they pass away.

Following on from the death of a member, this topic looks at a number of taxation deductions available to the fund once a death benefit has been paid and finally provides a guide to winding up the SMSF.

LEARNING OUTCOMES

On completing this topic, you should be able to:

• identify the different types of nominations that can be made to a superannuation fund
• differentiate between a Superannuation Industry (Supervision) Act 1993 (Cth) dependant and a tax dependent
• calculate an anti-detriment benefit and deduction
• calculate the future liability to pay a benefit deduction
• wind-up an SMSF.

Details

Date:
1 Jan 2020 - 1 Jan 2021
7:00 pm AEDT - 7:00 pm AEDT
Knowledge Area:
Benefit Payments, Taxation
CPD Hours:
5