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Get an introduction to super and SMSFs with a case study covering key terms & definitions, fund types and how funds operate.
In this session, we cover:
Case Study – Meet the Beauchêne family
What is superannuation?
Background & the superannuation ‘marketplace’
Types of superannuation funds
Key Elements & Definitions
Classification of Superannuation Funds
Comparing large APRA funds vs SMSFs
SMSF Basics: What is an SMSF, Who’s it for, and Who’s involved?
The Life Cycle of an SMSF
Establishment
Trustee declarations
Establishing a corporate trustee
The SMSF fund deed
Maintenance
Keeping an SMSF compliant
Consequences of SMSF breaches
Consequences of trustee breaches
Winding up
Why would an SMSF wind up?
Steps for winding up