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Superannuation: Death, Terminal Illness & Disability Web Series 2024 Session 2

Recorded 7 August 2024. Death & Terminal Illness

Direct funds to the right people at the right time in the most tax efficient way
Manage death benefits, insurance proceeds and the conditions of release
Add value to your clients and their family in difficult times

Recorded 7 August 2024.

Dealing with the death, terminal illness or disability of a superannuation client requires an understanding of a range of complex areas - conditions of release, taxation and insurance.

The Superannuation: Death, Terminal Illness & Disability Web Series demonstrates how to ensure funds are directed to the right people at the right time in the most tax efficient way.

We work through a series of scenarios covering what medical documentation might be required, how the conditions of release work, in what form funds be accessed, and how to deal with insurance proceeds in the superannuation environment while ensuring that your client or beneficiaries receive the proceeds in the most tax efficient manner.

It’s an essential and practical webinar that provides the framework for how to work through the issues and achieve the best possible outcome for clients.

During difficult times clients are inclined to make rushed decisions based on emotion. Working with an adviser who understands these areas in detail can add enormous value. We show you how.

Total 1.25 CPD Hours

What we cover

Session 2: Death & Terminal Illness

Using case study scenarios, we provide the framework and practical steps to ensure that advisers are able to manage the death, terminal illness or disability of a superannuation client.

We explore the conditions of release, taxation and insurance issues t help ensure that the funds are directed to the right people, at the right time in the most tax efficient way.

Terminal illness

What is required to access funds and claim insurance?
How can benefits be taken and what are the tax implications?
Opportunities to plan ahead and set things up for beneficiaries

Death

Understanding different beneficiaries and how tax might apply
Calculating tax elements and understanding impact of insurance
Understanding which beneficiaries may be able to receive a death benefit pension
Dealing with benefits paid directly from a super fund versus an estate

Jason Hurst

Technical Superannuation Adviser

Jason is an experienced commentator, presenter and writer on superannuation and retirement. He specialises in breaking down complex technical concepts for professional advisors and their clients.

He has over 20 years’ experience in the wealth and retirement sectors, working with accountants and advisers to build their technical skills in superannuation, retirement, Insurance, social security and age care, and enjoys helping to provide the tools to articulate these concepts in a simple and easy to follow way to clients.

Jason also works with the Financial Advice Association Australia (FAAA) as a subject matter expert for the CFP Capstone certification and a technical student mentor to those undertaking the CFP courses.

He has a Bachelor of Economics from the University of Newcastle, is a SMSF Specialist Advisor, and holds the Certified Financial Planner (CFP) designation.