Superannuation COVID-19 Relief Measures

Superannuation COVID-19 Relief Measures
The government has made significant changes to superannuation in its second stimulus package to help individuals to deal with the adverse economic effect of the COVID-19 pandemic.

This webinar will cover:
  • How the government COVID-19 relief super measures work in practice.
  • The ATO’s COVID-19 relief measures for self-managed superannuation funds (SMSFs), including:
    • Related party limited recourse borrowing arrangement (LRBA) relief
    • Rent relief for tenants (related or unrelated third party) suffering financial distress due to COVID-19
    • The ATO’s approach to breaches of the SMSF in-house asset rules and residency rules
  • The consequences of withdrawing super early and the risk of losing insurance cover
  • The operational challenges for temporary early release
  • The required benefit payment documentation for SMSF members accessing super early
  • The risk of taking advantage of the temporary early access measure and using it to obtain tax benefits
  • Unauthorised super access and the consequences of not meeting the relevant eligibility criteria before withdrawing
  • How the new minimum pension drawdown rates apply to certain types of income streams
  • The tax implications of the temporary reduction in the minimum pension drawdown rates for recipients of market linked pensions
  • Advice considerations in the COVID-19 crisis.
The webinar will contain a number of examples and scenarios related to these topics.


Presented by: 
Gabriela Rusu 

                                                                                                
Gabriela Rusu is a superannuation specialist, with a focus on providing technical and compliance support on SMSFs to accountants, auditors, financial advisers and SMSF trustees. Gabriela has extensive  experience and knowledge having worked in the superannuation industry since 2000. In July 2013, Gabriela established her own business, focused on SMSFs. She holds a Graduate Diploma in Economics, a Diploma in Financial Services (Financial Planning) and is an SMSF Specialist Adviser (SSA) accredited by the SMSF Association, which is recognised as the peak body for professional advisers and the leading association within the SMSF industry in Australia. 
When
5/05/2020 11:00 AM - 9/09/2020 12:00 PM
Where
Online, Australia

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