2024 agenda

In this session, we’ll dive into recent legislative and regulatory developments impacting SMSFs and provide an expert analysis of how they may impact your clients and the advice you provide.

During the session, attendees will learn about:

• The latest policy and legislative developments from the government and their potential impact on the SMSF sector.
• Recent ATO regulatory issues including public rulings, decision impact statements, and analysis of recent private binding rulings.
• Recent case law that has impacted the SMSF sector, including with non-arm's length income, super death benefits, and more.

In the landscape of financial regulations, one of the most talked-about topics this year is the proposed $3 million super tax. As discussions continue to unfold from various perspectives, our upcoming tech day event aims to delve into the practical aspects and strategies surrounding this legislation.

Join us for a dynamic session focused on how advisers, SMSF trustees, and industry professionals can navigate the complexities of the $3 million super tax. Our experts will dissect the intricacies of the proposed legislation, offering insights into what assets can and cannot be held within super to mitigate tax implications effectively.

Furthermore, we'll explore the critical issue of asset valuation under the new tax regime. The timing and methods of asset valuation will play a pivotal role in determining the tax component, making this aspect crucial for both advisers and trustees to grasp.

Don't miss this opportunity to gain actionable strategies and expert perspectives on navigating the $3 million super tax legislation, ensuring informed decision making and compliance within the evolving super landscape.

In this session, Dan will provide an overview of the non-arm's length income (NALI) and expense (NALE) rules that SMSFs advisers need to know.

We will hear from one of Australia’s leading SMSF/tax lawyers, who has worked on many NALI/E assignments, on:

• Recent changes in respect to general and specific expenses that invoked NALI/E.
• The key rules on NALI/E including the tips, traps and risks.
• How the contribution and CGT rules interact with NALI/E.
• How advisers manage compliance and risks.

Recent court cases and evolving family dynamics, particularly the rise of blended families, have intensified scrutiny on death benefit arrangements.

In this session, we delve into the legal, practical, and interpersonal considerations surrounding death benefits, trust deeds, and the complexities arising from family dynamics.

You will learn:

• The importance of trust deeds and aligning with legislation requirements to pay a superannuation death benefit.
• Timing consideration to determine whether a benefit payment is a member benefit or death benefit.
• Recent case law to understand the court's views in respect to paying super death benefits and the validity of BDBNs.
• Practical guidance and considerations with your existing older SMSF clients in dealing with fund succession.

As Australia joins the global campaign to disrupt and prevent cryptocurrency scams, join Coinstash as they outline the key factors to consider when your self-managed super fund (SMSF) clients are choosing a reputable cryptocurrency investment platform that complies with SMSF regulations.

Changes in contribution caps and adjustments to marginal tax rates as part of the stage 3 tax cuts provide an opportunity for advisers to work closely with their clients around contribution planning in the 2024–25 year and beyond.

This session will dive into a range of contribution considerations and strategies around:

• Concessional contributions, including the use of carry forward unused amounts.
• Indexation of the caps and how it may impact the timing of contributions with your SMSF clients.
• Important considerations into the timing of claiming deductions for personal contributions, and the use on unallocated contribution holding accounts in June.
• Strategies that cross over multiple contribution strategies to maximise opportunities for clients through to age 75.

In this session, we delve into the discussion surrounding the potential inclusion of SMSFs in the retirement income covenant (RIC), examining both the advantages and complexities of such integration.

We will explore the benefits SMSFs could bring to retirement planning under the RIC framework, considering their unique attributes and potential contributions to broader retirement income goals. We'll also address the challenges and regulatory considerations that need to be navigated to ensure a seamless integration of SMSFs into the RIC.

Participants will gain insights into the evolving regulatory landscape, the role of the ATO in guiding SMSF trustees, and practical strategies for aligning SMSF practices with retirement income objectives.

As the population of SMSF clients aged 70 and above continues to grow, addressing their evolving needs and regulatory challenges has become paramount for SMSF advisers. This session will delve into a comprehensive range of strategies tailored specifically for the over 70 demographic, covering key areas such as pensions, contributions, and tax planning.

Participants will gain insights into:

• The impact of policy proposals: Understanding how the latest policy proposals, including the proposed $3 million threshold, affect older SMSF clients and practical approaches to managing any resulting impacts.
• Effective strategies for structuring pension payments to optimise outcomes for older clients and maximise retirement income.
• Tax planning strategies aimed at minimising tax obligations for future beneficiaries while ensuring compliance with regulatory requirements.
• CGT concessions related to selling a small business, offering comprehensive guidance on navigating this aspect of SMSF strategies.

Hear directly from Peter