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Managing the death of an SMSF member: A case study

Recorded 3 October 2024. Navigating the complexities of death-related topics

A case study of dealing with the death of an SMSF member.

Recorded 3 October 2024

Join Mark Ellem, Head of Education (SMSF) for our upcoming webinar as he delves into a detailed case study exploring the complexities surrounding the death of a member in a self-managed superannuation fund (SMSF). This session will guide you through the various options for cashing the deceased member's benefit, focusing on strategies to retain as much of the super inside the fund as possible.

Additionally, we will discuss key approaches to maximizing the fund's claim for exempt current pension income (ECPI), ensuring that your SMSF clients are well-prepared to navigate these challenging scenarios. Don't miss this opportunity to enhance your understanding of critical SMSF estate planning considerations.

Total 0 CPD Hours

What we cover

On completion, participants will be able to:

Understand the Key Considerations: Identify the critical factors involved in managing the death of a member within a self-managed superannuation fund (SMSF), including the legal and financial implications for the fund and its remaining members.
Evaluate Cashing Options: Assess the different options available for cashing the deceased member's benefit, and determine the most effective approach to balance liquidity needs with long-term financial goals.
Apply Strategies for Retaining Super: Implement strategies to retain as much of the deceased member's superannuation within the fund, ensuring that the SMSF continues to serve the financial interests of its beneficiaries.
Maximize Exempt Current Pension Income (ECPI)**: Develop and apply techniques to maximize the SMSF's claim for exempt current pension income, optimizing the tax efficiency of the fund in the aftermath of a member's death.

Mark Ellem

Head of Education, Accurium

Mark is a popular, experienced and highly sought after presenter who is passionate about educating accountants and SMSF practitioners about SMSFs and strategies to make SMSFs a successful part of their business.

He has extensive experience in Self-Managed Superannuation Funds (SMSFs), Pension Funds, Income Tax and Financial Advisory. He is a Fellow of the CPA, IPA and SMSF Association, and received the 2018 SMSF Association CEO award in February 2019 for his contribution to the association and was in the inaugural group of association members to advance to the status of Fellow in February 2020.

Mark has spent over 30 years in accounting practices and SMSF administration companies, including running his own accountancy practice and SMSF administration and compliance advice company for ten years.