Self-managed superannuation funds are often part of a high net worth individual’s family group. The sole purpose of superannuation is to save up for and self-fund one’s retirement and there are tax concessions and incentives there for individuals to consider. However, often these concessions and incentives may be abused and often taxpayers fall into a heap when it comes to funding the superannuation fund through contributions, limited recourse borrowing arrangements and the purchase (and subsequent using) of property.
This workshop will consider the post 1 July 2017 contribution limits and different types of contributions including the use of the small business CGT concessions and new downsizer contribution in light of the $1.6m total superannuation balance cap, the tax issues to think about with the use of limited recourse borrowing arrangements including PCG 2016/5 and non-arm’s length income and impact on contribution limits, business real property and lease arrangements to related parties and consequent estate planning issues.
A case study will be used to highlight these points.
CPD hours: 2
Price: $180 for member, $235 for non-member
Certification is provided upon completion
Presented by: Nathan Yii