Super Schools Seminar - NTAA's 2021 - NTAA Face to Face
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NTAA's 2021
Super Schools Seminar
NTAA Face to Face
Presented by
Day 1: Ben Kilkenny & Rene Chan
Day 2: James Deliyannis & Michael Gilmour
on behalf of the NTAA
NTAA's 2021 Super Schools Day 1
Seminar
What’s NEW for SMSFs? Changes Affecting NEW Developments Affecting
Recent developments affecting the 2021 SMSF return Super Pensions the Contribution Rules
r An NTAA practical step-by-step guide to reporting
SMSF rollovers under NEW rules An NTAA guide to applying the NEW $1.7m pension NEW total super balance (‘TSB’) rules apply from 1
r The reporting requirements for concessional balance cap from 1 July 2021 July 2021
contributions under the 5-year ‘catch-up’ concession r How does the $1.7m pension cap apply to individuals r NEW TSB thresholds provide individuals with greater
r Find out how to deal with the disposal of assets for who commence a pension from 1 July 2021? access to non-concessional contributions (‘NCCs’)
SMSFs that chose CGT relief in 2017 r Find out when and how individuals with an existing r What other super concessions are affected by the
pension can access the $1.7m pension cap increased TSB thresholds?
NEW major ATO guidelines affecting the non-arm’s
r What are the reporting obligations for SMSFs paying NEW ATO guidelines signal major ‘backflip’ with ‘in-
length income (‘NALI’) rules for SMSFs
pensions under the cap? specie’ contributions
r When will discounted services provided to an SMSF
result in ALL the fund’s income being taxed at 45%? Proposed changes affect the pension exemption r Change of ATO approach highlights NEW danger with
r What is the ATO’s compliance approach to discounted r NEW rules set to relax the actuarial certificate treating asset transfers to an SMSF as a contribution
services provided to SMSFs in 2022? requirements for SMSFs that are 100% in pension phase r How should the transfer of an asset to an SMSF be
r Which asset transfers to an SMSF are in the ATO’s r SMSF trustees to be provided with greater flexibility structured to avoid adverse tax consequences?
firing line under the NEW NALI guidelines? when calculating exempt pension income NEW developments affecting downsizer contributions
r Major changes to the NALI rules for pension assets Latest NTAA guide to accessing social security r NEW ATO guidelines on how to deal with ineligible
SMSF membership increased to six members entitlements for clients in pension phase downsizer contributions
r What are the requirements to have up to six members r How do the social security income and assets tests r Downsizer contributions strategy allows clients to sell
in an SMSF under the NEW rules? apply to clients in receipt of an ABP or a TRIS? part of their home while still living in that home
r What are the traps with adding additional members r NEW deeming rules provide greater access to
(including children) to an existing SMSF? Centrelink entitlements (e.g., Age Pension) The Latest GST Guide for SMSFs
Recent Court decision highlights the dangers for SMSF Government extends drawdown relief for super pensions r An NTAA practical GUIDE to identifying whether an
trustees who breach the super rules r Common tips and traps with calculating and paying SMSF should register for GST purposes
r Which breaches are likely to cause an SMSF to become minimum annual pension amounts in 2022 r When can an SMSF claim GST credits for property
a non-complying fund under this recent decision? costs, brokerage, audit fees and accounting fees?
r The latest ATO guide to other penalties that SMSF ATO’s Latest Danger r NTAA CHECKLIST identifies when an SMSF can claim
trustees face for breaching the super rules Areas for SMSFs GST credits for common fund expenses
NEW SuperStream standards apply to SMSF rollovers
from 1 October 2021 ATO signals its attack on cryptocurrency investments NTAA’s 2021 Complete Guide
r Find out exactly what SMSFs need to do to be able r What are the key tax and super regulatory issues to for SMSF Audits
to receive and make rollovers under the NEW rules consider for SMSFs investing in cryptocurrency?
r How will SMSFs be able to receive and action release r What are the reporting requirements on the SMSF ATO to enforce NEW SMSF auditor independence
authorities electronically under the NEW standards? annual return for cryptocurrency investments? guidelines from 1 July 2021
The NTAA’s practical 2021 Budget Super update Dangers with SMSF investments in unit trusts r Which SMSF auditors are in the ATO’s firing line?
r Major Budget changes proposed to the contribution r An NTAA practical GUIDE on how to avoid the traps r NTAA checklist identifies when an auditor can/cannot
rules, including more changes to the ‘work test’ with SMSF investments in unit trusts audit an SMSF under the NEW independence rules
r Government also announces NEW relaxed residency r What are the dangers for SMSF investments in unit NTAA’s NEW 2021 practical SMSF audit kit
rules for SMSFs and more flexible rules for pensions trusts which have unpaid entitlements? r NEW ATO guidelines for reporting contraventions and
NEW rules provide welcome relief for individuals with Personal contribution claims in the ATO’s firing line verifying downsizer contributions
excess concessional contributions ('CCs') r Hidden traps with claiming personal contributions in r A practical guide to planning for an SMSF audit
r Which clients will benefit from the changes affecting the same year that a super withdrawal is made r Comprehensive NTAA CHECKLISTS and precedents
excess CCs? for performing an SMSF financial and compliance audit
NTAA's 2021 Super Schools Day 2
Seminar
Maximise access to the Traps and Tips with Tax-Effective Estate Planning and
NEW Contributions Caps Property Development and SMSFs Superannuation
Important changes to the catch-up rules Navigating the fundamentals of undertaking a property Dealing with a member’s death
r Which taxpayers are eligible to apply the super catch- development in an SMSF r Who receives a super death benefit when the Will and
up concessions in the 2022 year? r NTAA GUIDE to the do’s and don’ts associated with a binding death benefit nomination are inconsistent?
r Recent changes allow concessional contributions of using an SMSF for property development r RECENT cases highlight important issues with
up to $130,000 in the 2022 income year r NEW ATO guidelines confirm tax nightmare with appointing new trustees on a member’s death
r CASE STUDY highlights huge savings for a taxpayer members providing services to their SMSF r When is an adult child considered to be a dependant
with a capital gain using the catch-up concessions Tax-effective structuring and planning for SMSFs of their parent for super purposes?
Reforms provide important contribution strategies for undertaking a property development Crucial issues for death benefits and estate planning
clients aged 65+ r Can an SMSF enter into a joint venture with a related r Important strategies designed to maximise the amount
r Contribution reforms allow ‘retired’ taxpayers with party and undertake a property development? retained in an SMSF after a member’s death
capital gains to achieve major tax savings r CASE STUDY shows how a taxpayer saves $'000s by r Benefits of using tax-effective ‘hard wired’ clauses in
r Amendments allow ‘retired’ clients to make undertaking a development in an SMSF an SMSF deed and achieve massive tax savings
contributions of over $700,000 Important issues associated with an SMSF leasing a Key planning opportunities with life insurance paid into
r CASE STUDY demonstrates how a retired client saves business development to a related party an SMSF on the death of a member
over $100,000 in 5 years by accessing the NEW rules r What documentation should be arranged before an r Will life insurance proceeds count towards the NEW
First home savers scheme allows businesses to claim SMSF leases business premises to a related party? $1.7m pension cap for reversionary pensions?
super contributions children use to purchase a home r NTAA CASE STUDY highlights savings of over $100,000 r NTAA table examines the important issues to consider
r When can a business claim a deduction for super for SMSFs renting business premises to a related party when life insurance proceeds are paid on death
provided for a child working for the family business? Key tax issues when advising terminally ill clients
r Important tax and super planning opportunities for Advanced Pension Planning r When is an SMSF entitled to pay out super entitlements
family businesses who employ their children Strategies during COVID-19 tax-free for a terminally ill client?
Crucial traps and tips with the NEW concessional r Implementing a withdrawal and recontribution strategy
contributions cap Using the pension drawdown concessions to maximise can save surviving family members over $30,000
r Use contribution reserving for clients with large capital a client’s retirement nest egg r NTAA GUIDE to structuring the super entitlements of
gains and minimise their tax bill r How are the minimum pension drawdown amounts a terminally ill client to maximise after-tax payouts
r ATO confirms tax hit for taxpayers making contributions calculated for the 2022 income year?
to SMSFs with related party LRBAs r CASE STUDY shows how a taxpayer maximises Devising a Tax-Effective Super Plan
the pension exemption by applying the drawdown
Strategies to maximise non-concessional contributions
concessions
during an Economic Recovery
(‘NCCs’) for the 2022 income year
r Important strategies to maximise non-concessional Advanced pension planning strategies during a share Maximising the contribution caps during a recovery
contributions into a fund market and property recovery r When should clients make large non-concessional
r Unique planning opportunities for clients who are r Maximise access to the NEW $1.7m pension asset contributions under the NEW contribution caps?
approaching retirement exemption during a share market or property recovery r Strategies for business clients to maximise access to
r NTAA CASE STUDY shows how a taxpayer saves over the contribution caps and achieve tax savings
Changes allow small business clients to contribute over
$50,000 by commencing a pension during a recovery Pension planning strategies during an economic recovery
$2m without breaching the caps
r What requirements must be satisfied before a taxpayer Traps and tips with paying death benefit pensions to maximise the $1.7m pension asset exemption
can make contributions under the CGT concessions? r Maximise access to the NEW $1.7m pension asset r NTAA GUIDE to maximising the tax-free component
r CASE STUDY shows how a taxpayer saves over exemption in relation to death benefit pensions of a super pension during a recovery
$200,000 in 5 years by applying the concessions r CASE STUDY highlights the benefits of using a r Important issues to consider when commencing or
reversionary pension during a recovery commuting a pension during an economic recovery2021 Super Schools Face to Face 2021 Super Schools Face to Face Face to Face Cost and Registration
Seminar Registration Form Seminar Dates and Venues Registration: Between 8.00am and 9.00am
No. of Delegates Duration: 9.00am to 5.00pm
This document will be a tax invoice for GST when fully Adelaide
completed and you make payment to the National Tax & Cost: (incl. comprehensive notes, tea and coffee on
Hilton Adelaide, 233 Victoria Square, Adelaide arrival, lunch, morning and afternoon tea)
Accountants’ Association Ltd. NTAA’s ABN: 76 057 551 854
Day 1: 6 October 2021 (Wed)..................... _____ Members of the NTAA
NTAA Membership No.__________________________ Day 2: 7 October 2021 (Thur)..................... _____ One delegate
Firm ___________________________________ Brisbane $569 (incl. GST) per day
Hilton Brisbane, 190 Elizabeth Street, Brisbane Group discount
Address ___________________________________
Day 1: 18 October 2021 (Mon)..................... _____ If more than one delegate from the same practice attends
___________________________________ Day 2: 19 Octobrer 2021 (Tue).................... _____ under the one registration, a discount will apply to the second
State_____________ Postcode__________ Melbourne and subsequent delegates. The first delegate pays the full
Crown Towers, 8 Whiteman Street, Southbank registration fee.
Telephone No. ( )____________________________ First delegate
Day 1: 25 October 2021 (Mon).................... _____
Facsimile No. ( )____________________________ Day 2: 26 October 2021 (Tue).................... _____ $569 (incl. GST) per day
Each additional delegate
Delegate 1 ___________________________________ Perth
$525 (incl. GST) per day
Crown Perth, Great Eastern Highway, Burswood
Date of attendance_____________________________ Pricing example: Day 1 Delegate 1 – $569, Additional Delegates $525
Day 1: 29 September 2021 (Wed)............. _____
Email address_________________________________ Day 2 Delegate 1 – $569, Additional Delegates $525
Day 2: 30 September 2021 (Thu).............. _____
Please note: Day 1 and Day 2 are separate NTAA seminars
Please tick to have a vegetarian meal______________ Rosehill
Non-Members of the NTAA
Rosehill Gardens Racecourse, James Ruse Drive, Rosehill
Delegate 2 ___________________________________ One delegate*
Day 1: 28 October 2021 (Thur)................... _____
$669 (incl. GST) per day
Date of attendance_____________________________ Day 2: 29 October 2021 (Fri)...................... _____
Group discount
Sydney
Email address_________________________________ If more than one delegate attends under the one registration,
Doltone House, Jones Bay Wharf, Piers 19-21 Level 3, a discount will apply to the second and subsequent delegates.
Please tick to have a vegetarian meal______________ 26-32 Pirrama Road, Pyrmont The first delegate pays the full registration fee.
Note: Please photocopy where more than two delegates. Day 1: 11 October 2021 (Mon)...................... _____ First delegate*
Charge for seminar attendees $___________ Day 2: 12 October 2021 (Tue)..................... _____ $669 (incl. GST) per day
Each additional attendee*
Charge for online seminar $___________
$625 (incl. GST) per day
Total (incl. GST) $___________ (Note(*): Registration includes 3 months full membership)
Vegetarian Meals Pricing example: Day 1 Delegate 1 – $669, Additional Delegates $625
Provide credit card details or send cheque
Vegetarian meals are available as an option at no extra cost. Day 2 Delegate 1 – $669, Additional Delegates $625
r Mastercard r Visa r Amex If you prefer a vegetarian meal, simply tick the box under the Please note: Day 1 and Day 2 are separate NTAA seminars
delegate name on the registration form.
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Name on Card_________________________________ Register via website: Register via email:
ntaa.com.au ntaainfo@ntaa.com.au
Signature _________________________________
National Tax & Accountants' Association Ltd.
Register via phone: 29-33 Palmerston Crescent, South Melbourne, Vic. 3205
Please retain this original document as your tax invoice Register via post:
1800 808 105 Tel: 1800 808 105
29 Palmerston Cres
NTAA’s Privacy Policy and Collection Notice sets out how or via fax: Web: ntaa.com.au
Sth Melbourne VIC 3205
we collect and deal with your personal information. 1300 306 351 Email: ntaainfo@ntaa.com.au
ABN: 76 057 551 854
You can access those documents at ntaa.com.au/privacy
If you have any other queries please call 1800 808 105Confirmation of Booking BONUS Day 1 Seminar Software
Bookings will be confirmed via email, fax or mail – please
About the Presenters
Operating and Auditing an SMSF
include your email address for a speedy reply.
Attendees to the Day 1 seminar will also receive FREE
Day 1
Please Note: You must ensure that you receive written software containing the following documents and Ben Kilkenny
confirmation of your booking, otherwise you may not be information: Ben has over 20 years experience in tax. Ben is a Chartered
booked into the seminar and may have to provide credit Accountant with a Bachelor of Commerce and Masters of
card details at registration. If you do not receive written Updated 2021 Audit workpapers for completing
Applied Taxation.
confirmation within 72 hours of submitting your order, financial and SIS compliance audits of SMSFs
please contact us. Rene Chan
A unique NTAA step-by-step guide to setting up SMSFs
Rene has over 20 years of tax and accounting experience
Precedent letters, documents and elections and is a Taxation Specialist with the NTAA.
CPD/CPE Hours Please note that all audit programs and precedent Day 2
documents can be converted to Microsoft Word and James Deliyannis
Each day provides up to 6.5 CPD/CPE hours.
amended as needed.
James has over 30 years of dedicated tax experience
and devotes countless hours to preparing practical and
professional seminar notes and presentations
Special offer to Non-Members BONUS Day 2 Seminar Software
Michael Gilmour
Please call and discuss the $100 per day seminar discounts Super Planning Software ('SPS')
Michael has over 20 years experience in tax. His past
which are available to members of the NTAA for a low annual The SPS will take the guesswork out of advising clients on experience entails Corporate Tax at two of the Big 4 firms.
fee of only $330, which includes a 12 month subscription to all major superannuation planning issues!
the monthly newsletter Voice, 3 FREE 10 minute telephone
calls to our tax advisers plus discounts on any NTAA product. This software provides a comprehensive and pro-active
‘to do’ list for your clients’ superannuation needs. It covers
key areas such as:
Contribution strategies
Noise & Recording Policy
Attendees should be aware that in agreeing to attend the seminar, Pension strategies
they must abide by the NTAA Noise Policy which specifically
Cancellations or Transfers
Limited recourse borrowing arrangements
prohibits noise distraction to attendees and presenters. It's necessary to charge a fee when confirmed bookings (see
Business Real Property and SMSFs below) are cancelled. However, a substitute participant will
The NTAA reserves all rights to photograph, film or otherwise
record the seminar, and seminar attendees consent to being be accepted. If a substitute is not nominated, a cancellation
Various trustee obligations
photographed, filmed and/or recorded. Any unauthorised fee of $99 per delegate per day will be applied.
photography, audio or video recording of any performance at the The software will ensure you identify and implement key
Cancellations
seminar is strictly prohibited. Any person who fails to adhere to this superannuation strategies for your clients using three
More than 5 full working days before the seminar:
condition agrees to delete any such unauthorised photograph or easy-to-follow steps.
cancellations incur a $99 administration fee.
recording and that they may be asked to leave the seminar venue.
The SPS produces individually tailored reports for each Within 5 working days of the seminar:
client that identify the important superannuation-related no refunds will be available for cancellations, although
and ETP planning strategies. a full set of notes will be provided.
Vegetarian Meals Transfers
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a credit for the amount charged may be transferred to
cost. If you prefer a vegetarian meal, simply tick the
any other advertised NTAA seminar without incurring
box under the delegate name on the registration form. Register via website: Register via email:
the $99 administration fee.
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