Northern Region – SMSF SUPER DAY

Bringing together professionals in the SMSF community

Join us for the NSW Northern Region SMSF Super Day Let's talk all things SMSF.

Join the sessions facilitated by experts in the SMSF sector on topics including:

Maximising contributions to super using small business CGT cap– presented by Peter Hogan, Head of Education and Technical at the SMSF Association
Frailty risk – an approach to designing better SMSF portfolios – presented by Louise Biti, Director – Aged Care Steps
Lessons learned for the SMSF professionals through recent case law – presented by Richard Morris, Principal – Moin, Morris and Schaefer

This event is proudly sponsored by Practical Systems Super - Armidale

Session overview: Maximising contributions to super using small business CGT cap

With the contributions landscape being turned on its head from 1 July 2017, the CGT cap presents an ideal opportunity for clients to boost their superannuation savings. However, a combination of the complexity of the conditions to access the concessions and the one-off nature of selling a business means that it is often difficult to clearly identify and assess opportunities to boosting superannuation using the CGT cap.

This 1-5-hour session will review the various strategies available for maximising the CGT cap, common mistakes made when determining eligibility to the concessions and whether the CGT cap trumps buying business premises using an SMSF

Learning outcomes:

At the completion of this session participants should be able to:

• Define the eligibility requirements to access the small business CGT concessions
• Explain how the CGT cap operates with the CGT retirement exemption and the CGT 15-year asset exemption
• Develop strategies to increase superannuation savings using the CGT and other contributions caps
• Analyse whether or not an active asset should be acquired in an SMSF (or an alternative structure)
• Understand and apply the circumstances in which small business concessions cannot be used in conjunction with the CGT cap
• Explain the timing and record-keeping requirements that must be complied with under the CGT cap

Session overview: Frailty risk – an approach to designing better SMSF portfolios

Risk and return are fundamental principles of an SMSF investment strategy. When designing portfolios to last a client’s lifetime, longevity risk and sequencing are two key pillars. But frailty risk and the high potential need for aged care is often ignored.

Learning outcomes:

At the completion of this session participants should be able to:

• Understand a portfolio construction approach to manage frailty risk
• Have a broader understanding of why aged care is important and the value for clients in planning ahead
• Apply guidelines for client conversations and customer retention
Application of how to resource your business for aged care advice

Session overview: Lessons learned for the SMSF professionals through recent case law

Richard Morris will present a summary of 2 recent cases of great importance to SMSF practitioners and the lessons from those cases, being the Queensland case of Re Narumon, in relation to whether an attorney for a member can make a binding death benefit nomination for the incapacitated member, and the Victorian case of Re Marsella in relation to how a trustee of an SMSF must exercise their discretion to choose a death benefit recipient when there is no nomination in place, and also who ought to be the trustee of an SMSF after death of a sole member.

Details

Date:
12 Apr 2019
8:30 am AEST - 3:00 pm AEST
Knowledge Area:
New Funds, Contributions, Winding Up, Practice Management, SMSF Administration, Taxation
Venue:
Sails Port Macquarie
20 Park St,
Port Macquarie, NSW 2444

Speakers:

Louise Biti SSA

Louise Biti MTax, BEc, BA(AS), Dip FP, CFP, SSA, CTA

Louise is a co-founder and Director of Aged Care Steps, which is the leading business supporting professionals to give advice on aged care and other related matters.

Louise is one of pre-eminent experts in aged care, with over 18 years’ experience in aged care advice. Louise is often quoted in media, is a regular speaker at conferences and has been a director on two industry body boards.

Her experience is matched with strong educational qualifications with professional designations of a SMSF Specialist Adviser®, a Certified Financial Planner™, a Chartered Tax Adviser and a registered tax agent.

Richard Morris

Originally a Novocastrian, Richard practised law in Armidale from 2007 to 2017 and is now based in the Moin Morris Schaefer office in Port Macquarie.

Richard practises in the areas of Wills, Probate and Estates, as well as business and commercial law. He also holds a Master of Laws (Applied Law) majoring in Wills & Estates and handles complex wills, testamentary trusts, superannuation, Probate and contested Estate issues such as Family Provision claims. He joined Greg and Chelsea as a Director of the Moin Morris Schaefer in 2018.

Richard is a full member of the Society of Trust and Estate Practitioners (STEP). There are about 30,000 lawyers in NSW, of those there are about 190 who have fulfilled the requirements to be admitted to STEP. At last count there are only 9 lawyers outside of Sydney in NSW who are full members of STEP.

Richard is a soccer devotee, and father to a growing family of 3 boisterous boys.

Peter Hogan SSA

Peter Hogan is the SMSF Association’s Head of Education and Technical. He is one of Australia’s foremost SMSF specialists, having worked in the sector over many years. A lawyer by training, he cut his teeth in the ATO before joining some of Australia’s largest financial institutions to work in key superannuation, investment and taxation roles. His enormous industry experience and knowledge, especially as they pertain to tax issues, means he is in constant demand on the SMSF speaking circuit. Away from the world of SMSFs, he is a keen weekend golfer when he is not providing a taxi service to junior sporting events. Peter is an SMSF Association Specialist Adviser and former Chair and National Board member of the Association.