NC 2018 Recording – Concurrent 7A – In the death benefit arena

View this recording from the SMSF Association National Conference 2018 session presented by Jemma Sanderson, Director, Cooper Partners Financial Services and Jordan George, Head of Policy, SMSF Association.

The new TBC regime has thrown estate planning arrangements into some turmoil. There is a divergence of views between the ATO and some in the industry regarding the treatment of pensions by the beneficiary, and whether benefits can remain within the superannuation environment upon the passing of the primary beneficiary.

This webinar was released on 7/3/2018 and the information contained within the presentation was correct as at this time. To ensure the accuracy of this presentation, it will only be available for purchase for 12 months from the date of recording. After this time, it will be removed from our website and from your purchase history.

In this session, Jemma will outline the opposing views, and consider whether it is the Goliath interpretation or the Jemma interpretation that most appropriately serves the superannuation community. Jordan George will then explore the next steps required to ensure the relevant interpretation is applied.

When you have this session recording, you should be able to:

• Understand the death benefit payment requirements within SIS and the Income Tax Act.
• Understand an alternative option to paying out benefits greater than the Transfer Balance Cap from superannuation when a member passes away.
• Consider participation in lobbying with the SMSF Association to the ATO and Treasury regarding the death benefit payment provisions.

Details

Knowledge Area:
Benefit Payments
CPD Points:
1

Speakers:

Jemma Sanderson SSA

Jemma Sanderson is a Director of Cooper Partners Financial Services, heading up their SMSF specialist services. Jemma has over 16 years experience in providing strategic advice on SMSFs, estate planning and wealth management to clients, as well as technical support to accounting, legal and financial planning groups. Jemma has a Bachelor of Commerce from UWA and is a Certified Financial Planner, a Specialist Member of the SMSF Association (SMSFA), Chartered Tax Adviser and Trusts and Estate Practitioner. Jemma is a regular presenter on superannuation and SMSFs for the Taxation Institute, Institute of Chartered Accountants, CPA and SMSFA across Australia, and is the author of the popular publication “SMSF Guide”, published by the Taxation Institute, currently in its seventh edition.

Jordan George SSA

Jordan George is Senior Manager Technical & Policy at SMSF Association. Jordan is a key member SMSF Association’s technical team. He is responsible for managing SMSF Association’s submissions to government and regulators on new policy and legislative measures, and is a main contributor to SMSF Association's advocacy and technical work.

Prior to joining SMSF Association, Jordan spent four years in Canberra at the Australian Treasury where he worked on business tax policy issues, primarily on capital gains tax and also small business and tax administration issues. As such, Jordan brings to SMSF Association first-hand experience in developing tax policy and legislation, and advising government and Ministers on budget, policy, and regulatory issues.
Jordan has a Masters of Taxation at the University of New South Wales, an Honours degree in Economics and a Law degree from Adelaide University, along with a Graduate Diploma in Legal Practice from the Australian National University