News : Division 296

Division 296, SMSF, Superannuation, Tax

Div 296 for deceased members unworkable

Creating an open-ended period in which to claw back Division 296 from deceased superannuants would be overly complex and probably unworkable.

Creating an open-ended period in which to claw back Division 296 from deceased superannuants would be overly complex and probably unworkable.

read more
Division 296, Superannuation, Tax

Super best option under Div 296

Modelling by an SMSF specialist has found super will remain the most tax-effective environment for most people under Division 296.

Modelling by an SMSF specialist has found super will remain the most tax-effective environment for most people under Division 296.

read more
Division 296, Documentation, SMSF, Tax

Div 296 process appears to be clunky

The necessity to obtain an actuarial certificate with regard to the allocation of earnings for Division 296 purposes currently seems to be unclear.

The necessity to obtain an actuarial certificate with regard to the allocation of earnings for Division 296 purposes currently seems to be unclear.

read more
Auditing, Division 296, Superannuation, Tax

No extra auditor duties under Div 296

Auditors will not be required to take on extra responsibilities once the Division 296 tax commences.

Auditors will not be required to take on extra responsibilities once the Division 296 tax commences.

read more
Division 296, Superannuation, Tax

View Division 296 as two-stage event

The application of Division 296 will take place in two stages and operate under two sets of rules that will need to be explained to superannuants.

The application of Division 296 will take place in two stages and operate under two sets of rules that will need to be explained to superannuants.

read more
Division 296, SMSF, Superannuation, Tax

Division 296 can catch exiting members

Members leaving an SMSF will not escape the reach of Division 296 if the fund passes the $3 million threshold in the same income year they depart.

Members leaving an SMSF will not escape the reach of Division 296 if the fund passes the $3 million threshold in the same income year they depart.

read more
Division 296, Estate Planning, Superannuation, Tax

Div 296 puts squeeze on executors

Division 296 will shift a compliance burden to those who deal with the super of deceased members, making the task more onerous.

Division 296 will shift a compliance burden to those who deal with the super of deceased members, making the task more onerous.

read more
Division 296, SMSF, Superannuation, Tax

Div 296 pushes certificates to fore

Actuarial certificates will play a key role in determining how much SMSF members will pay under the Division 296 tax.

Actuarial certificates will play a key role in determining how much SMSF members will pay under the Division 296 tax.

read more
Division 296, SMSF, SMSFA, Tax

Div 296 regulations raise new concerns

Draft regulations related to the Division 296 tax have been released, with new concerns about the application of earnings for deceased members.

Draft regulations related to the Division 296 tax have been released, with new concerns about the application of earnings for deceased members.

read more
Division 296, Retirement, Superannuation

Super changes undermine confidence

Retirement confidence has declined in the past three years due to consumer concerns over changes to the superannuation system.

Retirement confidence has declined in the past three years due to consumer concerns over changes to the superannuation system.

read more

Copyright © SMS Magazine 2026

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.