• When & how to convert accumulation account to pension account for  a SMSF member - Account Based Pension as Transition to Retirement Pension -  Step by Step process;
• What are the Pension conditions as per SIS Act and Regulations; various components of pension amount; How does Transition to retirement pension (aka TRIP) works and how to tweak the correct amount of salary sacrifice amount for the client;
• Need for Actuarial Certificates whilst member is on TRIP to claim a deduction for current exempt pension income; Reversionary Pensions Vs Anti-detriment payments - which option is better for your clients;
• How to report pension accounts in Financial statements and how does proportionate rule works; How to document account based pensions in case of ATO audit in your claim for deduction against current exempt pension income - Explanation of documents required;
• What must the clients do, before they turns 65 years including lump sum payments and re-contribution strategies; Segregated and non-segregated asset strategies;
• What happens in case of death of the pensioner; Common questions and answers arising when moving to pension phase; Audit Issues of pension funds

 

 

Presenter

: Mr. Manoj Abichandani is a SMSF specialist advisor and SMSF specialist Auditor

Manoj is a seasoned speaker at various professional discussion groups. He has worked in SMSF industry for the past 21 years as a tax agent, accountant and SMSF Auditor. He has helped over 3000 trustees to set up their own funds and currently audits more than 400 funds each year for various accounting firms which puts him in the top 54 SMSF Auditors (as per ATO) in Australia.

He develops SMSF strategies and advises trustees & practicing accountants on complex SMSF matters. He has helped more than 500 members of SMSF to move to pension phase and is probably the most experienced advisor in this field.