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Notes Online Home 2017 Super Schools Day 1 A practical guide to paying death benefits from an SMSF
Identify the tax-free and taxable components of a death benefit paid from an SMSF

 In this segment of the notes, we discuss identifying the tax-free and taxable components of a death benefit paid from an SMSF:

  • Calculating the tax-free and taxable components of a death benefit under the proportioning rule

Life insurance proceeds received by a fund – do they form part of the tax-free or taxable component?

Chapters and Articles in 2017 Super Schools Day 1

Common practical issues with applying the complusory ‘cashing rules’ after death

Calculating minimum payment amount for a death benefit pension in the year of death

Identify the tax-free and taxable components of a death benefit paid from an SMSF

Tax treatment and key obligations for SMSF trustees when paying death benefits

Practical NTAA guide to the new $1.6 million Transfer Balance Cap (‘TBC’)

New rules restrict SMSFs being able to segregate pension assets from 1 July 2017

Changes for SMSFs paying a TRIS from 1 July 2017 – traps for the unwary

Other key changes under the NEW pension reforms – an overview

Changes affecting the capping rules for non-concessional contributions (‘NCCs’)

Changes affecting the capping rules for concessional contributions (‘CCs’)

Extending tax deductions for personal super contributions – major windfall for employees

Extending the Division 293 (15% additional) tax for concessional contributions (‘CCs’)

Extending tax offset for spouse contributions

Changes to the co-contribution concession

The Low Income Superannuation Tax Offset

Requirement to appoint an auditor and the eligibility requirements

Auditor independence

A guide to planning for an SMSF audit

How to perform a financial audit of an SMSF

How to perform a SIS compliance audit

Lodging Auditor Contravention Reports

How to finalise an SMSF audit

New reporting rules for Limited Recourse Borrowing Arrangements (‘LRBAs’)

ATO’s early engagement and voluntary disclosure service for SMSF breaches

Government set to introduce First Home Super Saver (‘FHSS’) scheme

Government set to introduce ‘downsizer contribution’ on sale of the family home

Claiming deductions for SMSF expenses under new ATO guidelines

SMSF Investments under the ATO’s Audit Microscope