Published on 26 May 08
by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE
The popularity of using a SMSF to accumulate wealth for retirement is continuing. This paper considers the myriad of taxation issues that arise for these funds, both in the accumulation phase and the pension phase. Case studies are used to demonstrate the tax effects of various retirement fund issues. Topics include:
- segregation of assets
- tax exemption for pension liabilities; how do you attract / retain the exemption
- superannuation interests
- optimising tax free component of super lumps sums and income streams
- tax treatment of death benefits / strategies
- transition to retirement.
Peter is the Superannuation Strategist at ipac south australia and specialises in the provision of advice on superannuation issues, especially with SMSFs. Peter brings a blend of experience as an actuary, financial adviser and consultant, with 30 years industry experience. He provides strategic advice to SMSF, which is part of the overall lifestyle financial planning for their members. Peter also provides actuarial advice to accountants, solicitors and other financial advisers on issues relating to superannuation, both SMSF and corporate, as well as actuarial consulting to business. Peter is a director of the Self Managed Superannuation Fund Professionals Association of Australia (SPAA) and his formal qualifications include Fellow of the Institute of Actuaries of Australia, Fellow of The Tax Institute, SMSF Specialist Adviser and Diploma of Financial Services (Financial Planning).
- Current at
17 February 2012