NC 2018 Recording – Concurrent 2A – TRIS strategy and tips

View this recording from the SMSF Association National Conference 2018 session presented by Tim Miller, Founder and Education Specialist, Miller Super Solutions

There is nothing more certain than death and taxes! There is nothing more uncertain than death and taxes when combined with a transition to retirement income stream (TRIS). This session will consider the once logical strategy of transitioning to retirement and see how the strategy operates in a logic free post super reform environment.

Using the case study to guide us, the session will contemplate the following whilst simultaneously concluding that there is still a time and place for TRIS:

• The validity of TRIS and salary sacrifice arrangements.
• Creating new inTRISts – are there benefits in multiple pensions?
• Once a TRIS always a TRIS – satisfying certain conditions of release.
• Can your TRIS be reversionary?

As a result of attending this session, you should be able to:

• Understand that a TRIS is more than just accumulation money.
• Identify strategy opportunities for your clients via the use of a TRIS (or two).
• Plan for different death benefit scenarios should your client have a TRIS.

Details

Knowledge Area:
Benefit Payments, Contributions, Taxation
CPD Points:
1

Speakers:

Tim Miller SSA

Tim Miller is an independent SMSF trainer, presenter and mentor with over 20 years’ hands on experience in the Superannuation industry providing compliance and administrative support to thousands of Trustees, Accountants and Financial Planners. Through his business, Miller Super Solutions, he provides interactive in-house training and consulting, accommodating all levels of knowledge. He is also an SMSF education consultant to a number of industry education providers.

His practical and personable approach to dealing with and explaining compliance obligations has resulted in Tim regularly presenting at all of the major SMSF conferences as well as contributing to SMSF trade and broader media publications. When he’s not coaching people about SMSFs, he is usually spending time with his family or coaching one of his other passions, Korfball, which he will happily discuss with you at another time.

Tim is an SMSF Association Specialist Adviser.