Overview of the new super measures – Phil Broderick, Principal, Sladen Legal
This session provided an overview of the new measures but in particular concentrated on the transfer balance cap measures and the changes to non-concessional contributions caps.
Planning for 1 July 2017 and beyond – Melissa Colaluca, Associate, Sladen Legal
Most of the new super laws don’t take effect until 1 July 2017. Therefore, there are a number of planning matters to consider prior to, and after, that date. This presentation examined some of those issues including:
- The cost base reset under the transfer balance cap regime
- Dealing with the transfer balance cap after 1 July 2017
- What to do with transition to retirement income streams
- Making non-concessional contributions before the caps are reduced
How the new laws affect death benefit planning – Rob Jeremiah, Principal, Sladen Legal
The transfer balance cap will have a significant affect on the death benefit planning of many members. This is because death benefit pensions are added to a death benefit recipient’s transfer balance cap and therefore will result in some super funds being forced to pay surviving spouses lump sums (when a death benefit pension would be preferred). This presentation examined how the transfer balance cap regime must be examined for death benefit planning including:
- How the transfer balance cap regime works for death benefits
- Why reversionary pensions are preferred under the new regime
- Are there any advantages in paying children death benefit pensions?
- What should members do now?
To discuss this further or for more information please contact:
Principal l Accredited Specialist in Tax and Business Law
M +61 418 500 363 l T +61 3 9611 0103
Level 5, 707 Collins Street, Melbourne, 3008, Victoria, Australia