Webinar Recording - Understanding the 2017 Superannuation Changes

In the May 2016 Federal Budget, the Government announced significant changes to superannuation. However, with a closely fought Federal Election soon afterwards, many of these proposed changes came under intense scrutiny. Now the dust has settled, the resultant superannuation changes have been locked in place and are due to take effect from 1 July 2017.

In this Webinar, Understanding the 2017 Superannuation Changes, Superannuation consultant, Monica Rule will work through three of the major changes affecting Self Managed Superannuation Funds (SMSFs).

In this one hour webinar, Monica will use various scenarios to explain the new laws as well as things to consider when determining the best course of action for SMSFs to mitigate any negative outcomes.

Monica will address the SMSF changes as they relate to:

• concessional contribution limits;
• non-concessional contribution limits; and
• transfer balance caps and transition to retirement income streams.

These changes are expected to have a massive impact on individuals with superannuation balances of more than $500,000 and superannuation pensions worth more than $1.6 million.

SMSF trustees and professionals need to understand these changes so that they can put effective plans in place before 30 June 2017. Being aware of the changes may enable SMSF members to avert incurring tax on excess contributions, investment earnings and on their pension income.

This webinar is suitable for professional advisers and SMSF Trustees. It assumes a basic knowledge of SMSFs.

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Presenter Monica Rule

Presenter Monica Rule
Passionate about financial independence and committed to teaching and advising Australians about Self Managed Superannuation Funds (SMSF), Monica Rule established her SMSF consultancy and education business "Monica Rule - Your Self Managed Super Expert" in 2013 after a long career with the Australian Taxation Office (ATO).

Monica worked at the ATO for twenty-eight years, seventeen of which were spent in the Superannuation Business Line. She spent a number of years training ATO staff on SMSF compliance and often accompanied senior managers on public speaking engagements to provide technical support and advice. Monica assisted staff and management with technical queries, wrote ATO publications and carried out complex audits on large auditing entities, repeat offenders and SMSF auditors. Monica left the ATO as an Executive Level 1 Technical Adviser and Senior Compliance Officer.

Monica published The Self Managed Super Handbook, with the ATO's permission, in 2010 and the book is now in its sixth edition. In 2012 she became a regular contributor to the finance pages of The West Australian and The Australian newspapers. Monica also contributes articles on superannuation to Public Accountant, and Financial Planning magazines.