A quarter of your inheritance will be paid in tax before your kids get it. Seminar Your last chance to learn how to save this tax...

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A quarter of your inheritance will be paid in tax before your kids get it.

Seminar: Your last chance to learn how to save this tax....

Seminar: Transfer SMSF wealth to next generation, without paying tax

When: 8th November 2011 Tuesday

Time : 5.30 - 6.30pm taxation questions and answers
6.30pm - Dinner
7.30pm - Presentation

Where: Penrith RSL Club (Macquarie Room), 8 Tindale Street, Penrith
(Ample parking is available at premises - dinner available via Club Bistro

Cost : $20 Incl. GST (Tax Deductible)

How to Book: www.trustdeed.com.au/seminar

Event: IPA Nepean Accountants Discussion Group

SEMINAR DETAILS

ATO issued a draft ruling on 12^th July 2011, "When a pension commences and ceases" in a self managed super fund. The effect of this ruling is that once the pensioner dies, all assets supporting a pension in the fund move back to accumulation phase if the pension is not an automatic reversionary pension.

Click here to update your SMSF Trust Deed

Once assets move to accumulation phase, income is taxed at 15% and if these assets are sold, to pay a lump sum to non tax dependants (adult children) any gain is subject to tax. Income and Capital Gain in Accumulation phase increases 'taxed component" and if paid as "death benefit lump sum" to adult children (over 25 years old) are taxed to kids at 16.5% Including Medicare Levy.

Imagine your $1M SMSF, on death will pay 15% Capital Gain Tax and your kids will pay another 16.5% on the balance or about $290,250 tax will reduce your inheritance.

Click here to learn how your SMSF can borrow

Fortunately, there are cutting edge advanced SMSF Strategies which you can implement to mitigate this tax. Our Superannuation Technical Director, Mr. Manoj Abichandani SMSF Specialist Advisor, SMSF Specialist Auditor, will be presenting these strategies on 8th November at Penrith RSL Club, should you want to book, please visit www.trustdeed.com.au/seminar.

About the 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 5000 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.

What other convenors have to say about the presentation....

Dear Manoj,

On behalf of the Hornsby District CPA Discussion Group, I would like to convey my sincere thanks to you for presenting at our 14 Sep monthly meeting

The information on Superannuation you delivered is valuable and relevant to accountants' professional knowledge. The way you present your material is truly fascinating. I am sure my members will agree with me that you are one of the best presenters that have presented to our Discussion Group.

We are appreciative to your devotion and your valuable time, knowledge and effort in this presentation. We enjoyed the entire hours talk.

I hope we can invite you back again on another interesting topic in not too distant future.

David LO, M Acct, CPA, JP

Hornsby District CPA Discussion Group

Good morning Manoj,

Thank you for your very informative and entertaining presentation
on reducing tax on passing assets to beneficiaries, both inside and
outside a SMSF.

This is a very important topic and I have frequently brought this up
with our members and your presentation was exactly what was required
to raise their awareness of the need for proper Estate Planning.

If you are agreeable I will pass on your details to some of my fellow
CPA Discussion Group Convenors, who would also benefit from your
presentation.

Thanks again,

Regards

Les Bryce,

Convenor, CPA SMSF Discussion Group

Actuarial Certificate (Section 295 - 390) for only $82.50

Actuarial Certificate (Section 295 - 390) Launched

- Only $82.50

It gives me great pleasure to inform you that we have finished testing our Actuarial module which was in production since January 2011. We officially launched our module on 1^st October 2011.

As you know a Self Managed Super Fund (SMSF) can claim exemption from paying tax on income from those assets (pension assets) which are supporting an income stream, such as an account based pension being paid to a member of the fund. This income is called Exempt Current Pension Income (ECPI).

Fund income, such as concessional contributions or non-arms length income cannot be exempted. Also some expenses which relate to both accumulation assets and pension assets must be apportioned so that only proportion of expenses relating to production of assessable income is deductible to the fund.

For example, where the fund has only one bank account and the fund is paying bank charges, only a percentage of this expense can be deductible as all interest income may not assessable.

Exemption from income tax is not automatic a fund must obtain an actuarial certificate (under Section 295 - 390 of ITAA) before the fund can be audited and lodge its income tax return where the pension assets are mixed (un-segregated) with non pension assets (accumulation assets).

Our automated online system collects information to prepare an Actuarial Certificate to enable your Self managed super fund to claim Exempt Current Pension Income (ECPI) where the fund assets are not segregated between pension and non pension assets.

We instantly email preliminary exempt income percentage so that you can continue to finalize your accounts. Signed actuarial certificate is emailed to you after thorough checking of your data by our actuary, usually within hours.

We do not use confusing online excel sheet for your data entry, like other providers, we have developed our own "Question and Answer Style" in-house module which collects data and calculates exempt pension income, online, for your fund. We store your certificates (password protected) on our website for you to download from anywhere in the world 24/7 from our innovative document manager.

Due to our advanced technical system, come huge cost savings to the actuary which we want to share with you and have priced the certificate for only $125 Incl. GST.

I understand that it may take a few minutes extra for you to generate first certificate as you familiarise yourself with our system, to assist you further, we have decided to discount it further to only $82.50 Incl. GST for some time.

Values will be able to be rolled over in the following year, which means that it should not take you more than 10 minutes to order certificates for 2^nd year for the same SMSF.

To read more about module please visit http://www.trustdeed.com.au/actuarial-certificate.html or click here.To purchase anything from our website you have to register with us, registration is free. We offer full money back guarantee: if you do not like our legal documents for any reason, we will be happy to return our fees without asking any questions.

I invite you to test drive our system and save yourself time and costs to your clients.

Manoj Abichandani

SMSF Specialist Advisor

SMSF Specialist Auditor

0.6915887850467289

0.8073394495412844

WWW.TRUSTDEED.COM.AU

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