Acccurium education
   <  Back to Accurium

Income protection insurance and temporary incapacity benefits

Date/time: Thursday 20 June 2024 02:00PM-03:00PM AEST

Income streams/pensions

$120.00 +GST

Audience

This event is recommended for both financial advisors and accountants advising on or administering SMSFs and wanting to understand how an SMSF can pay a temporary incapacity benefit to a fund member. 

Audience

Learning outcomes

Upon completion of this event, you will be able to: 

  1. Explain the rules for an SMSF holding income protection insurance. 
  2. Identify the requirements for an SMSF paying a temporary incapacity benefit to a member 
  3. Construct a process for an SMSF paying a temporary incapacity benefit to a member. 
  4. Differentiate between holding income protection inside and outside superannuation. 
Learning outcomes

Relevancy

This event will be presented live on 20 June 2024.

Relevancy

CPD hours

This training provides 1 hours accredited by the SMSF Association. The Legislated CPD Hours breakdown for financial advisers is as follows: 

  • Regulatory compliance and consumer protection: 0.5 CPD hours 
  • Tax (financial) advice: 0.5 CPD hours 
CPD hours

Understanding the intricate rules and income tax considerations surrounding income protection insurance within a self-managed superannuation fund (SMSF) is crucial. In our webinar we will delve into the nuances of holding income protection insurance within SMSFs, shedding light on the often misunderstood area of payment of a temporary incapacity benefit. It aims to rectify common misconceptions and missteps, particularly regarding the eligibility criteria and procedural intricacies involved in paying temporary incapacity benefits to members. 

Through a meticulous examination of the rules and income tax considerations governing income protection insurance within SMSFs, participants will gain invaluable insights into optimizing member benefits while steering clear of potential pitfalls. With a focus on demystifying the intricacies of administering temporary incapacity benefits, this webinar will provide a step-by-step guide to ensure precise adherence to regulatory requirements. 

Registration to this event includes: 

  • 1 hour live online event with opportunity to ask questions of the presenter 
  • Learning guide, slides and case studies 
  • Recording and materials available to access for 3 months after the event 
  • SMSF Association accredited CPD certificate for 1 hour
Mark-2021-colour-1

Presented by

Mark Ellem
Head of Education (SMSF)
Accurium
SMSF-Association-Accredited-Educator-Logo-2020-2.jpg
Terms and Conditions
Each education service purchase is for your use only and accessible through your individual account. Each live online education service will be provided with a unique session ID to join which cannot be disclosed, forwarded, or distributed to any other individual without Accurium’s written consent. No other individual will be authorised to access your education service unless that individual has purchased the education service and a unique session ID has been provided to that individual. In the event of unauthorised access due to the actions of the intended recipient, Accurium may suspend or cancel the access for the intended recipient any additional individual(s) may be held liable for additional fees associated with the unauthorised access to an education service. Accurium reserves the right to charge any unauthorised individual(s) who access your education service. In the unlikely situation that a live education service is cancelled we will refund you the full cost of your purchase. If a live service is postponed, we will provide written notification to you and reschedule the education service. Your original ticket will be valid for the rescheduled date. We will also provide the recording and associated materials if you are unable to attend the education service live at the new date/time. If you are unable to attend the education service live at the new date/time, you may request a refund of the moneys paid by contacting Accurium directly, with all requests to be considered on a case by case basis by Accurium in its absolute discretion. The Accurium – General Terms and Conditions can be accessed here.
Accurium-logo-PNG2.png
Sign up to newsletter
Facebook Twitter Linkedin
Copyright © 2023 Accurium Pty Limited. ABN 13 009 492 219