The SMSF Adviser Show

In this special episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn are joined by a pair of experts on the floor of the SMSF Adviser Technical Strategy Day to provide insight into some of the complex topics facing SMSF professionals.

Daniel Butler, director at DBA Lawyers, joins to discuss the changes to non-arm's length income and expense (NALI/E) rules, why there is still so much confusion, and the need to understand the grey area.

Tim Miller, SMSF technical and education manager at Smarter SMSF, also joins the show to break down the importance of understanding the nuances of different contribution strategies and explain how his contributions matrix can help make things easier.

In this episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn are joined by Tim Steele, general manager at Class, to dig down on the information that came out of the annual Class Annual Benchmark Report. The report is an annual snapshot from a macro standpoint of how the SMSF sector is developing, using data from the Class Super platform, which is representative of the broader Australian SMSF market. This year’s report highlights several trends that are likely to influence the future of the sector.

Listen as they discuss:

• The continued growth of the sector and its projections
• The unmet advice needs of SMSF members
• How the proposed Div 296 may impact funds
• Transition to retirement strategies and their impacts

Hill explains why SMSF professionals need to have discussions with their clients around incapacity and estate planning so they aren’t caught out when the time comes, particularly when they may not be aware that power of attorney can also come with SMSF trustee responsibilities.

Listen as they discuss:

• The role of an enduring power of attorney in the context of the definition of a SMSF.
• Why setting up a trusted professional as a “fund guardian” is an important consideration.
• How the two roles can work together in the member’s best interests.

In this episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn are joined by Tony Negline, superannuation and financial services leader at Chartered Accountants ANZ, to discuss some of the alternatives to the $3 million super tax. Mr Negline explains CA ANZ’s range of position on division 296, detailing a range of alternatives that it has proposed to the government, and whether there is any chance that there will be substantial changed to the current form of the legislation.

Listen as they discuss:

• Some of the criticisms of division 296.
• The likely increase of the transfer balance cap to $2 million.
• What CA ANZ expects to see from the upcoming federal budget.

SMSF Association deputy chief executive Peter Burgess dives into the recently concluded national conference to explore key themes and emerging trends from the virtual, two-day event.

Peter joins hosts Aaron Dunn and Jotham Lian to take a closer look at what the ATO will be focusing on in the SMSF sector this year, including its approach to new auditor independence guidelines and a new late lodgement compliance program.

He also reveals key attendee insights, his favourite session of the conference and his hopes for the national conference next year.