Introducing “SMSF Training Group” – in partnership with I Love SMSF, offering formal accreditation as well as its own accreditation for Family SMSF Advisers.

SMSF TRAINING GROUP – SHORT COURSES AND FSA ACCREDITATION

In addition to its CPD offering (available to members only as an extensive listing of webinars and training days), I Love SMSF has linked with SMSF Training Group and Terra Cordis RTO6537 to develop a range of online training and short courses on a range of SMSF related subjects.  SMSF Training also offers formal accreditation for meeting the relevant skills competency standards for providing advice on SMSFs as well as its own accreditation for “Family SMSF Advisers.”

Each of these courses is designed to provide a comprehensive in-depth look at various topics relating to SMSFs and Family SMSFs.  Once enrolled, each short course will provide the participant access to:

  1. Relevant pages relating to that topic from The Guru’s Guide to SMSFs
  2. One or more videos of Grant Abbott, SMSF and Family SMSF Accredited and Certified Trainer, providing insights on the topic
  3. Relevant ATO rulings and guidelines
  4. Legislation where applicable
  5. Assessment

The range of short courses can be purchased as stand alone modules and used to upgrade your SMSF knowledge, or that of your teams. As an alternative, the short courses can be aggregated to ensure you are awarded with full Family SMSF Accreditation. Our courses  are all fully accredited and available as online or face-to-face training. Our online training platform is set to be released in August 2018 through our partners SMSF Training Group and Terra Cordis.  Please leave your details below to ensure you remain updated once these are live and available for enrollment. For more information, please contact SMSF Training Grouper Operations Director, Ashleigh Jaremyn at ash@ilovesmsf.com

 

 

Introduction to SMSFs, Family SMSFs and Strategic Thinking

  • The background and history of SMSFs
  • ATO statistics in relation to SMSFs
  • The difference between a DIY, common SMSF and Family SMSF
  • How to build SMSF strategies
  • The definition of a SMSF, Family SMSF, Australian and Foreign SMSFs
  • How to set up a SMSF from the start
 

The New SMSF Paradigm

  • The timeline of a SMSF from establishment to death of members of the Fund
  • The new pension rules and the general transfer balance limit and the Pension transfer balance account
  • The birth of the SMSF retirement accumulation account
  • The real names for lump sums and pensions
  • Where it is best to pay estate monies
  • Running separate investment strategies and not segregated current pension assets in the Fund
 

Contributions, Excess Contributions and Case Studies

  • What is a contribution?
  • Cash, in-specie and in kind contributions
  • A review of the Commissioner’s ruling on contributions – SMSFR2009/1
  • The tax deductibility of contributions
  • The assessability of contributions to the Trustee
  • Non-concessional and concessional contributions
  • Excess contributions, assessment, and how to deal with each
  • Case studies of overseas residents, contributions and contributing business real property into a SMSF
 

Investments, Investment Strategies and SMSF Compliance laws

  • What investments the Trustee can and cannot invest in
  • The sole purpose test
  • Acquiring assets from related parties and members including exceptions to the rules such as business real property
  • Case study on acquiring business real property in a SMSF from a member
  • Property development, syndication and JVs using a Fund’s assets
  • Non-arm’s-length transactions
  • What an investment strategy is and how to create one
 

In House Assets and Borrowings

  • When a SMSF can lease an asset
  • What is and is not an in-house asset
  • SIS Regulation 13.22C Trust and company exemptions
  • The limited recourse borrowing rules in section 67A and 67B
  • Related party loans and how to do them
  • The safe harbour provisions for LRBAs
  • The difference between a repair and an improvement
  • Refinancing of an existing loan
  • How to do a related party loan – the 20 steps required
 

Accessing Superannuation: Preservation, Lump Sums and Pensions

  • When a member can access their superannuation benefits
  • How temporary incapacity works and why it is Fund-provided sickness and accident benefits
  • Permanent disability and incapacity
  • The real meaning of retirement under the SIS Regulations and why it is age 60
  • Financial hardship and compassionate grounds
  • The new Transition to Retirement Income Stream
  • Lump sums: in-specie or cash
  • The Pension Transfer Balance Account, the current $1.6M limit – debits and credits
  • The effect of roll backs and commutations
  • The Commissioner’s pension ruling and the impact on running a multi-pension Fund for a member
 

Taxation of a SMSF

  • How a SMSF is taxed and why it is different from a Trust
  • Why disposals of assets are subject to capital gains tax instead of ordinary income principles
  • How and when trading stock provisions should be used and applied
  • The assessability of taxable contributions
  • The range of deductions in a Fund including negative gearing on property
  • Tax deductions for life insurance policies and insurance requirements
  • Tax deduction for death and disability benefits paid to members and dependants prior to age 65
  • The pension tax exemption and the proportionality rules
  • The impact of insurance proceeds on death
 

SMSF Estate Planning

  • What a good estate plan looks like for a SMSF
  • How a SMSF estate plan fits with Wills and Testamentary Trusts
  • How important a Fund’s trust deed impacts on the success of a member’s estate plan
  • Getting to what is important to a member in terms of the disposition of their death benefits
  • How and where the executor fits in and the concept of replacement Trustee
  • Why Binding Death Benefit Nominations fail
  • Katz v Grosman and Donovan v Donovan – where BDBNs turned into unbinding wishes
  • Auto-reversionary pensions v death benefit pensions
  • The tax impacts on dependants
  • The creation of a SMSF and a Family SMSF Proceeds Trust
  • The steps to be taken on the death of a member

 

“Grant’s course wasn’t just general knowledge but specific referenced to legislation and thinking outside the square. It showed us how to find a solution to the myriad of problems people have and how SMSF’s and Family SMSF’s will have real benefits for families in the future”

– Family SMSF Adviser Course Attendee, June 2018

“Grant showed us that it is important to work on actual strategies using the legislation etc. I don’t want to know what I shouldn’t do I want to know what I can do to make money for myself and my clients. I had paid for the course and my travel and accommodation from concepts I picked up by morning tea on the first day. This is valuable and the reason why I go to courses. They are few and far between. ”

– Family SMSF Adviser Course Attendee, June 2018