FirstTech Podcast - podcast cover

FirstTech Podcast

A podcast series for financial advisers looking at the latest technical issues and advice strategies that may impact investors and super fund members. Join Craig Day and members of the Colonial First State ‘FirstTech’ team as they discuss a broad range of advice issues, from superannuation and SMSFs, to social security rules and aged care. -Please note - these podcasts are designed for authorised financial advisers. If you are not an authorised financial adviser it is important you understand the content of the podcasts may be difficult to follow as it assumes you have the necessary training, qualifications and experience to understand the concepts discussed as well as the technical language used. If you still decide to listen please understand the information contained in this recording is general information only and does not take into account any of your personal circumstances, needs or objectives. Any scenarios considered during this podcast are purely hypothetical and are for illustrative purposes only and do not constitute a recommendation to purchase, hold or sell any financial products or take any other course of action. You should read the relevant product disclosure statement before making an investment decision and consider talking to a financial adviser. While all care has been taken in the preparation of this podcast, using sources we believe to be reliable and accurate, no person including Colonial First State Investments Limited or the Commonwealth Bank group of companies, accepts responsibility for any loss suffered by any person arising from reliance on this information.

Hosted on Acast. See acast.com/privacy for more information.

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Episodes

Recontribution strategies - tips and traps

Craig Day and Tim Sanderson discuss key considerations when implementing the recontribution strategy. Hosted on Acast. See acast.com/privacy for more information.

May 02, 202319 minSeason 1Ep. 101

Interdependency relationships

Craig Day and Julie Fox discuss the requirements for a beneficiary of a super death benefit to qualify as a tax dependant under the interdependency relationship criteria. Hosted on Acast. See acast.com/privacy for more information.

Mar 28, 202324 minSeason 1Ep. 97

Super and non-residents

Craig Day and Julie Fox discuss a range of frequently asked questions regarding superannuation and non-resident issues. Hosted on Acast. See acast.com/privacy for more information.

Feb 23, 202325 minSeason 1Ep. 94

Transfer balance cap $1.9M from 1 July 2023

Craig Day and Tim Sanderson discuss the implications of the indexation of the general Transfer Balance Cap to $1.9 million from 1 July 2023 Hosted on Acast. See acast.com/privacy for more information.

Feb 23, 202317 minSeason 1Ep. 93

CGT implications of inheriting a main residence

Craig Day, Linda Bruce and Tim Sanderson discuss the CGT implications of a beneficiary disposing of a property that was inherited from a deceased estate. Hosted on Acast. See acast.com/privacy for more information.

Dec 08, 202219 minSeason 1Ep. 91

Spouse equalisation strategies

Craig Day and Julie Fox discuss a number of situations when equalising super balances between members of a couple may be beneficial. Hosted on Acast. See acast.com/privacy for more information.

Dec 08, 202220 minSeason 1Ep. 90

Question of the month - Lifetime CGT cap timeframes

Craig Day and Linda Bruce discuss some important timeframes when making super contributions under the lifetime CGT cap. Hosted on Acast. See acast.com/privacy for more information.

Nov 16, 202229 minSeason 1Ep. 88

Restructuring death benefit pensions

Craig Day and Tim Sanderson discuss the taxation of death benefit pensions and the strategy options to receive pension payments tax effectively. Hosted on Acast. See acast.com/privacy for more information.

Nov 16, 202218 minSeason 1Ep. 86

Centrelink assessment of renting rooms, self-contained areas or dual occupancy

Craig Day and Kim Guest discuss the Centrelink assessment of the principal home when a client rents out rooms in their home, a self-contained living area or another residence on the same title as their principal home. Hosted on Acast. See acast.com/privacy for more information.

Nov 16, 202223 minSeason 1Ep. 85

Question of the month - When does a super fund apply the tax-free uplift?

Craig Day and Linda Bruce discuss whether the tax law allows the tax-free uplift to apply to a rollover super benefit. CPD points are available - please complete the quiz available on the podcast page of the FirstTech website available via FirstNet Adviser Hosted on Acast. See acast.com/privacy for more information.

Sep 30, 202218 minSeason 1Ep. 82

Super death benefits paid to non-tax residents

Craig Day, Linda Bruce and Tim Sanderson discuss the tax implications of a non-tax resident receiving a super death benefit. CPD points are available - please complete the quiz available on the podcast page of the FirstTech website available via FirstNet Adviser Hosted on Acast. See acast.com/privacy for more information.

Sep 30, 202229 minSeason 1Ep. 81

Enduring powers of attorney and SMSFs

Craig Day, Tim Sanderson and Peter Wheatland discuss whether an enduring power of attorney can become trustee/director when a SMSF member loses capacity. CPD points are available - please complete the quiz available on the podcast page of the FirstTech website available via FirstNet Adviser. Hosted on Acast. See acast.com/privacy for more information.

Sep 30, 202220 minSeason 1Ep. 80

SMSF SuperStream rollover traps and how to avoid them

Craig Day, with special guests Peter Burgess and David Busoli discuss a range of practical issues with using SuperStream for SMSF rollovers. Hosted on Acast. See acast.com/privacy for more information.

Sep 02, 202240 minSeason 1Ep. 79

What qualifies as gainful employment

Craig Day, Linda Bruce and Kim Guest discuss a variety of activities and whether they qualify as gainful employment. Hosted on Acast. See acast.com/privacy for more information.

Sep 02, 202226 minSeason 1Ep. 78

Adding a reversionary beneficiary without a pension refresh

Craig Day, Kim Guest and Linda Bruce discuss the Centrelink and estate planning considerations when adding or removing a reversionary beneficiary without a pension refresh. Hosted on Acast. See acast.com/privacy for more information.

Jul 29, 202222 minSeason 1Ep. 73

Latest News July 2022

Craig Day, Julie Fox, Kim Guest and Peter Wheatland discuss the latest technical news. Hosted on Acast. See acast.com/privacy for more information.

Jul 29, 202228 minSeason 1Ep. 75

SMSFs investing in a private company

Craig Day, Alex Denham and Tim Sanderson discuss a range of legal and practical issues that a SMSF trustee needs to consider before acquiring shares in a private company. Hosted on Acast. See acast.com/privacy for more information.

Jul 06, 202233 minSeason 1Ep. 72

High Court decision on SMSF binding nominations

Craig Day and Clinton Jackson discuss the recent High Court decision in Hill v Zuda Pty Ltd, which determined whether a binding death benefit nomination for an SMSF can last indefinitely. Hosted on Acast. See acast.com/privacy for more information.

Jul 06, 202227 minSeason 1Ep. 71

Work test removal and recontribution conundrums

In this podcast we discuss the opportunity to implement recontribution strategies due to the removal of the work test from 1 July 2022, including issues that need to be considered when implementing this strategy for someone who has already retired. Hosted on Acast. See acast.com/privacy for more information.

Mar 25, 202236 minSeason 1Ep. 60

Deceased estates - taxation and Centrelink

In this podcast we discuss the taxation and Centrelink treatment of a deceased estate. Hosted on Acast. See acast.com/privacy for more information.

Feb 28, 202237 minSeason 1Ep. 58

Small business owner's retirement plans can impact tax and super

Craig Day and Linda Bruce discuss the small business 15-year exemption, and the importance of ensuring it is in connection with retirement. If not planned properly, the disposer may need to pay additional capital gains tax and miss a significant opportunity to maximise superannuation contributions. Hosted on Acast. See acast.com/privacy for more information.

Dec 08, 202132 minSeason 1Ep. 55

SMSF central management and control

Craig Day and Tim Sanderson discuss the SMSF central management and control test including tips, traps and strategies. Hosted on Acast. See acast.com/privacy for more information.

Nov 03, 202129 minSeason 1Ep. 52

Six member SMSF

Craig Day and Tim Sanderson discuss the pros and cons of the new rules that came into effect on 1 July 2021, allowing SMSFs to have six members. Hosted on Acast. See acast.com/privacy for more information.

Sep 01, 202139 minSeason 1Ep. 49

Contribution reserves and SMSFs

This podcast discusses contribution reserving strategies for SMSF members, and the potential for some members to utilise the increase in the contribution caps from 1 July 2021, in the current financial year. Hosted on Acast. See acast.com/privacy for more information.

May 04, 202141 minSeason 1Ep. 38

Death benefit income streams and the transfer balance cap

Craig Day and Linda Bruce discuss the transfer balance cap implications of a spouse receiving a death benefit as a retirement phase income stream. Hosted on Acast. See acast.com/privacy for more information.

Mar 29, 202138 minSeason 1Ep. 37

Foreign super fund transfers

Craig Day and Linda Bruce discuss the taxation implications of transferring foreign superannuation savings to Australia. Hosted on Acast. See acast.com/privacy for more information.

Feb 22, 202125 minSeason 1Ep. 35

Exploring the retirement condition of release

In this podcast we explore the retirement condition of release in detail and provide examples of how it operates in a range of situations. We also answer the most frequently asked questions FirstTech receive and highlight current areas of uncertainty. Hosted on Acast. See acast.com/privacy for more information.

Dec 10, 202035 minSeason 1Ep. 33
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