• How clients are trying to preserve as much of their SMSF assets to pass on to their children.
• The impact that the $3 million super tax will play in designing strategies.
• Why CGT should be top of mind for small-business owners well before they enter retirement.

Listen as they discuss:

• Why a project manager role is vital when professionals collaborate on a client’s estate planning.
• What SMSF advisers can learn from the mistakes of others.
• How taking a holistic approach can help avoid pitfalls in the estate planning process.

• What the SMSF Association wants to see happen with Div 296 and why the current delays could be a good thing.
• How SMSF professionals can deal with the uncertainty that currently pervades the regulatory landscape.
• Whether there could be changes to the recent code of conduct for tax practitioners determination.

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 Craig Day, head of technical services at Colonial First State, to discuss the nuances surrounding invalidity for SMSF trustees and members.

Day breaks down some of the positives and negatives of holding TPD insurance within an SMSF and explains what advisers who may be recommending their clients go down this path need to understand.

Listen as they discuss:
• The most pressing considerations around invalidity and SMSFs.
• Why it is important to understand the compliance rules related to SMSFs and insurance.
• The role of beneficiaries in the context of recent legal challenges relating to spouses and de facto relationships.

In this special budget episode, hosts Keith Ford and Aaron Dunn discuss the flurry of activity happening on the regulatory front – and the noticeable absence of the $3 million super tax from the final two sitting weeks of Parliament.

They discuss what has led to the debate over Division 296 being delayed, including the government’s increasingly precarious position in the Senate, as well as some of the recent changes that will have a more tangible impact in the short term, such as the ATO’s update to its tax ruling on pensions commencing and ceasing.

Listen as they discuss:

• The Senate’s recent report on ASIC and its recommendation to overhaul the way the industry funding model operates.
• How TR 2013/5 will operate and what SMSFs need to know.
• The changes to NALI and the impact it will have on SMSF members.

In this episode of the SMSF Adviser Show, Adrian Fisher, head of distribution and product at RedZed, joins host Maja Garaca Djurdjevic to discuss why the self-employed lender has launched a new offering for SMSFs.

Fisher explains that SMSFs are a natural fit for small business owners, but they often run into hurdles, with infrequent super contributions scaring off traditional lenders and making it difficult to secure a loan at all, particularly when it comes to property investments.

Listen as they discuss:

• Why investing in property through an SMSF can be difficult for the self-employed.
• The importance of assessing each borrower on their unique circumstances.
• Filling the gap left by traditional lenders exiting the space.

In this episode of the SMSF Adviser Show, host Keith Ford is joined by Tracey Scotchbrook, head of policy and advocacy at the SMSF Association, to discuss the intricacies surrounding possible changes to the wholesale investor tests.

Scotchbrook explains the background to the current inquiry into the wholesale thresholds, including how SMSFs find themselves in a grey area between the standard $2.5 million threshold and the $10 million professional investor level, as well as why accountant’s certificates are no longer fit for purpose.

Listen as they discuss:

• How the stagnating levels have dramatically increased the number of Australians that meet the requirements.
• The complex regulatory framework surrounding financial services.
• Concerns around the disparity in regulatory costs between wholesale and retail advisers.