SMSF Certified Courses | Super Extension

'Contributions' learning outcomes

After completing this topic area, learners will be able to:

recognise the various transactions which are contributions to super (both the common and not so common) and why they are regarded as contributions;
explain the various ways in which contributions are made (to both SMSFs and non-SMSFs);
identify when various different types of contributions are made and why that date is important; and
apply their learnings to everyday client scenarios.

After completing this topic area, learners will be able to:

explain when different types of contributions can and cannot be accepted;
identify the action to be taken if an SMSF trustee accepts a contribution when the member wasn’t eligible; and
apply their learnings to everyday client scenarios.

After completing this topic area, learners will be able to:

recognise the different contribution caps and how the amounts are determined;
determine the particular cap to which a contribution is counted and why;
identify who can use the catchup contribution rules and the categories of clients for whom it might be useful;
identify who can use the bring forward rules and how the amounts are determined;
understand what happens if a member exceeds their cap and identify steps which could be put in place to stop an excess happening;
calculate an individual’s total super balance; and
apply their learnings to everyday client scenarios.

After completing this topic area, learners will be able to:

identify if an employer can claim a tax deduction for contributions for particular individuals;
distinguish when the “engagement test” needs to be met;
explain how an SMSF’s status on Super Fund Lookup impacts whether an employer can make contributions to the fund;
identify reportable super contributions and their impact on an individual; and
apply their learnings to everyday client scenarios.

After completing this topic area, learners will be able to:

recognise if and when an individual is able to claim a tax deduction for a contribution;
analyse a client’s circumstances and determine (if relevant) whether or not they will need to meet the work test or qualify for a work test exemption;
explain the notice requirements for personal deductible contributions; and
apply their learnings to everyday client scenarios.

After completing this topic area, learners will be able to:

explain why the Government offers tax concessions to encourage low income earners to save for their retirement via super;
explain the Low Income Super Tax Offset and determine who is entitled to it;
explain what is required to qualify for a Government co-contribution and how it is calculated;
explain the tax offset which is available for individuals who make contributions for their spouse; and
apply their learnings to everyday client scenarios.

'Benefits' learning outcomes

After completing this topic area, learners will be able to:

understand the difference between preserved, restricted and unrestricted benefits;
calculate a member’s preserved, restricted and unrestricted balance;
identify whether a member satisfies a condition of release and whether there are any cashing restrictions; and
help clients wanting to access their super benefits identify their options.

After completing this topic area, learners will be able to:

explain the rules applicable for the two main types of super pensions (retirement phase account-based pensions and transition to retirement pensions);
calculate minimum and maximum pension payments under a range of scenarios;
identify any special reporting requirements for SMSFs providing pensions; and
apply this knowledge for the benefit of clients.

After completing this topic area, learners will be able to:

explain what a super lump sum means and how it can be paid;
understand the difference between a super lump sum arising from the full or partial commutation of a pension and other lump sums;
understand the documentation required to formalise a super lump sum from an SMSF; and
apply this knowledge for the benefit of your clients.

After completing this topic area, learners will be able to:

explain what the transfer balance cap is and its role in the super system;
calculate an individual’s transfer balance cap and the amount of their cap used to date by understanding the transactions that impact a member’s transfer balance account;
explain the consequences of exceeding the transfer balance cap and the ways in which this can be resolved; and
apply this knowledge for the benefit of clients.

After completing this topic area, learners will be able to:

explain key super benefit tax concepts such as the proportioning rule and how it applies to both income streams and lump sums;
explain how benefits are taxed under a variety of circumstances; and
apply these rules to your clients’ super benefits.

After completing this topic area, learners will be able to:

explain how various super interests are taken into account for the purposes of the age pension and the Commonwealth Seniors Health Card;
understand the importance of 1 January 2015 as a key date for income streams; and
apply this knowledge for the benefit of your clients.

'Investments' learning outcomes

After completing this topic area, learners will be able to:

evaluate whether a particular super fund transaction or investment will satisfy the sole purpose test;
explain the trustee covenants and the consequences if they aren’t met;
demonstrate how to apply the keeping fund assets separate rules;
explain broadly when loans are permitted/not permitted;
differentiate a loan from an inadvertent mistake or illegal early release;
explain the concept “commercial terms”; and
use this knowledge to help clients evaluate the legality of an investment.

After completing this topic area, learners will be able to:

identify the key requirements of an ATO compliant investment strategy;
explain to SMSF trustees how to construct an ATO compliant investment strategy;
evaluate the investment strategies of clients to determine if they will meet the ATO’s requirements; and
apply their learnings to everyday client scenarios.

After completing this topic area, learners will be able to:

identify whether an investment of an SMSF is an in-house asset;
explain how the allowed in-house limit is calculated;
explain what happens if the allowed in-house limit is exceeded; and
apply their learnings to everyday client scenarios.

After completing this topic area, learners will be able to:

explain the key terms “Part 8 associate” and “related party”;
identify the various Part 8 associates of an SMSF member; and
apply their learnings to everyday client scenarios.

After completing this topic area, learners will be able to:

identify which assets cannot be acquired from a related party; and
assist clients in identifying potential breaches of these rules.

After completing this topic area, learners will be able to:

differentiate between real property and non-real property;
describe the wholly and exclusively test;
evaluate whether a particular property qualifies as business real property and when it needs to meet that definition; and
apply their learnings to everyday client scenarios.

After completing this topic area, learners will be able to:

recognise the transactions which are a borrowing and why they are treated that way;
identify whether a particular borrowing by an SMSF is allowed;
explain the key features of a limited recourse borrowing arrangement or LRBA;
identify if an asset is a “single acquirable asset”;
explain the restrictions which apply whilst an LRBA is in place; and
apply their learnings to everyday client scenarios.

	7 topics, released one at a time, all delivered in an easy online format for convenient access.
	5-7 modules plus a short assessment task in each topic. Modules take less than 1 hour to complete.
	6 months to complete each module, so take your time.
	Earn 6 CPD hours, SMSFA Accreditation and Heffron certification per topic.
	Complimentary SMSFA membership

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SMSF education course for professionals – Super Extension

Who is Super Extension for?

Why choose Super Extension?

Earn valuable CPD hours

Practical takeaways

Close essential gaps

What's included?

$330 per topic (incl GST)

'Contributions' learning outcomes

Contributions – what, how and when .b{fill: #b4b4b4}

Contributions – what, how and when

Contribution eligibility rules .b{fill: #b4b4b4}

Contribution eligibility rules

Contribution caps & total super balance basics .b{fill: #b4b4b4}

Contribution caps & total super balance basics

Claiming tax deductions for contributions (employer) .b{fill: #b4b4b4}

Claiming tax deductions for contributions (employer)

Claiming tax deductions for contributions (personal) .b{fill: #b4b4b4}

Claiming tax deductions for contributions (personal)

Tax concessions for low income earners .b{fill: #b4b4b4}

Tax concessions for low income earners

'Benefits' learning outcomes

When can super benefits be accessed .b{fill: #b4b4b4}

When can super benefits be accessed

Super income streams .b{fill: #b4b4b4}

Super income streams

Super lump sums .b{fill: #b4b4b4}

Super lump sums

Transfer balance cap .b{fill: #b4b4b4}

Transfer balance cap

Member benefit tax rules .b{fill: #b4b4b4}

Member benefit tax rules

Super & Government benefits .b{fill: #b4b4b4}

Super & Government benefits

'Investments' learning outcomes

SMSF investments – overarching rules .b{fill: #b4b4b4}

SMSF investments – overarching rules

Investment strategies .b{fill: #b4b4b4}

Investment strategies

In-house assets .b{fill: #b4b4b4}

In-house assets

What is a related party? .b{fill: #b4b4b4}

What is a related party?

What assets can be acquired from a related party? .b{fill: #b4b4b4}

What assets can be acquired from a related party?

Business real property .b{fill: #b4b4b4}

Business real property

SMSF borrowing .b{fill: #b4b4b4}

SMSF borrowing

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Heffron was named SMSF Adviser Educator of the Year in 2022 and 2023.

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