New licensing program launched for accountants

Written by Staff Reporter Friday, 11 March 2016

Kaplan Professional has launched a new licensing program for members of the joint accounting bodies as the accountants’ exemption phase-out deadline fast approaches.

Kaplan’s Intensive Limited Licence Program for Qualifying Accountants provides the training and units of competency required to provide advice in SMSFs and superannuation.

The program includes a challenge test and a tailored skills-based workshop, which covers the advice-giving process, how to apply the structural requirements of a Statement of Advice (SOA), and creating appropriate strategic recommendations.

It also includes interactive case studies, which can be applied through assignment, Kaplan said.

“It was imperative to devise a proactive solution that complements and acknowledges qualifying accountants’ industry experience, while honing the skills they will need to meet regulatory requirements in a manner suited to busy and established professionals,” said Kaplan Professional chief executive Brian Knight.

“We have made it as accessible as possible by offering weekly face-to-face workshops in each east coast capital city, including weekend options, because we understand the majority of qualifying accountants will appreciate the flexibility," he added.

“The program enables qualifying accountants to display their proficiency in superannuation and SMSFs and the face-to-face workshop provides a hands-on environment to develop the skills to translate strategic recommendations into an SOA format.”

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0 #1 Terry McMaster 2016-03-14 11:11
This is not correct: paying a premium out of super assets does not reduce the net wealth available for retirement compared to paying a premium out of non-super assets. Few clients have all their retirement wealth in super. If you pay the premium out of your super assets you reduce your super wealth. If you pay your premium out of your non-super assets you reduce your non-super wealth. But the tax benefit of paying your premium out of super means the overall effect on your long term wealth accumulation is positive… ie the amount available for retirement is increased, not decreased.

Most clients’ retirement prospects are maximized by paying the premium out of super. Yes. It does reduce the amount available for retirement in super assets. But this reduction is less than it would be if the premium was paid out of non-super assets.

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