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Superannuation: Death, Terminal Illness & Disability Web Series

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Getting super to the right people at the right time in the most tax efficient manner!

Direct funds to the right people at the right time in the most tax efficient way
Manage death benefits, insurance proceeds and the conditions of release
Add value to your clients and their family in difficult times

A Live Instructor Led Web Series

Dealing with the death, terminal illness or disability of a superannuation client requires an understanding of a range of complex areas - conditions of release, taxation and insurance.

The Superannuation: Death, Terminal Illness & Disability Web Series demonstrates how to ensure funds are directed to the right people, at the right time, in the most tax efficient way.

We work through a series of scenarios covering what medical documentation might be required, how the conditions of release work, in what form funds be accessed, and how to deal with insurance proceeds in the superannuation environment while ensuring that your client or beneficiaries receive the proceeds in the most tax efficient manner.

It’s an essential and practical webinar that provides the framework for how to work through the issues and achieve the best possible outcome for clients.

During difficult times clients are inclined to make rushed decisions based on emotion. Working with an adviser who understands these areas in detail can add enormous value. We show you how.

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AU $330 members
AU $395 non-members

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AU $870 members
AU $985 non-members

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Total 2.5 CPD Hours

Details

Recorded: 31 July & 7 August 2024

SMSF Association accredited for a total of 2.5 CPD hours

  • 1.0 Tax (financial) advice
  • 1.0 Regulatory compliance and consumer protection
  • 0.5 Technical competence

Terms & conditions: All registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy. No refunds are provided for cancellations received 1 day prior to the webinar. No credits are available less than 2 hours prior to the event under any circumstances.

*Office Registrations. Maximum 10 participants per firm (must have same email domain). The PD points for all attendees will be recognised and links will be provided to all attendees.

What we cover

Using case study scenarios, we provide the framework and practical steps to ensure that advisers are able to manage the death, terminal illness, or disability of a superannuation client.

We explore the conditions of release, taxation and insurance issues to help ensure that funds are directed to the right people, at the right time, in the most tax efficient way.

What's included?

  • 2 x 1.25 hour (est.) webinars
  • 3 month access to Q&A embedded webinar recording
  • Reference notes
1
1.25 CPD Hours (est.)

Session 1: Managing Incapacity

July 31, 2024

Temporary incapacity

  • What is required to meet the temporary incapacity condition of release?
  • How to deal with insurance proceeds paid into an SMSF
  • What are the tax outcomes at the fund and member level?
  • Does the member have to access insurance proceeds?

Permanent incapacity

  • Understanding Medical requirements for taxation and meeting a condition of release
  • How are proceeds dealt with when paid into a super fund?
  • Exploring the options available to access funds
  • How can we minimise tax?
  • Considering other available income and Centrelink issues
1
1.25 CPD Hours (est.)

Session 2: Death & Terminal Illness

August 7, 2024

Terminal illness

  • What is required to access funds and claim insurance?
  • How can benefits be taken and what are the tax implications?
  • Opportunities to plan ahead and set things up for beneficiaries

Death

  • Understanding different beneficiaries and how tax might apply
  • Calculating tax elements and understanding impact of insurance
  • Understanding which beneficiaries may be able to receive a death benefit pension
  • Dealing with benefits paid directly from a super fund versus an estate

Our presenter

Technical Superannuation Adviser, Knowledge Shop

Jason Hurst

Jason HurstJason is an experienced commentator, presenter and writer on superannuation and retirement. He specialises in breaking down complex technical concepts for professional advisors and their clients.

He has over 20 years’ experience in the wealth and retirement sectors, working with accountants and advisers to build their technical skills in superannuation, retirement, Insurance, social security and age care, and enjoys helping to provide the tools to articulate these concepts in a simple and easy to follow way to clients.

Jason also works with the Financial Advice Association Australia (FAAA) as a subject matter expert for the CFP 5 program and a technical student mentor to those undertaking the CFP courses.

He has a Bachelor of Economics from the University of Newcastle, is a SMSF Specialist Advisor, and holds the Certified Financial Planner (CFP) designation.