WebinarTax & AccountingFinance

CPD webinar – Why consider insurance in an SMSF: It's not just the members who need it

8 November 2023 | 10:30-11:30 AM AEST
It’s compulsory to consider insurance in an SMSF but there’s more to it than meets the eye

The requirement for the trustees to consider insurance as part of the fund’s investment strategy has more strings attached to it than you may think.  When considering insurance a fund trustee needs to justify on a reasonable basis the level of insurance and whether each member of the fund is required to have it.

While the investment strategy does not require fund assets to be insured, trustees need to take the level of risk they are prepared to tolerate if assets, particularly property, are not insured.

This webinar will examine the requirements for insurance as part of the fund’s investment strategy as well as the concessions provided in the SIS Act for premiums paid for life, TPD, temporary disability as well as terminal illness benefit.  You will also get an understanding of why it is important for trustees to consider insuring fund assets and some of the expensive issues that can arise if it is not done correctly.

Learning outcomes

You will learn:

  • The types of insurance suitable for an SMSF.
  • What to consider for insurance when developing a fund’s investment strategy.
  • Taxation implications of insurance premiums and proceeds of insurance policies

Suited to

SMSF administrators, accountants and financial advisers from small to medium practices.

You will also be provided with

  • A PDF of the presenter’s PowerPoint
  • Access to the subsequent e-Learning including transcript, CPD Quiz and webinar recording which can be viewed multiple times
  • Any Supporting Documentation
  • A CPD Certificate if you attend more than 80% of the live session
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