News : SMSF

Compliance, Legislation, Pensions, Regulation, SMSF, Strategy, Superannuation

Pension commutation debt waiver secured

Legacy pensions unwound under the five-year amnesty introduced in December last year will not lead to adverse social security outcomes.

read more
Division 296, financial advice, Financial Planning, Insurance, SMSF, Superannuation, Tax

Revisit insurance set-up for Div 296

The treatment of insurance within an SMSF will need to be revisited as to determine the effect of policies on a member’s division 296 tax liability.

read more
Contributions, Division 296, financial advice, Financial Planning, SMSF, Superannuation, Tax

NCCs not a Div 296 earnings element

Non-concessional contributions will not play a role in the calculation of earnings for the Division 296 tax for SMSF members.

read more
Contributions, financial advice, Financial Planning, SMSF, Strategy, Superannuation, Tax

Reserving can’t sidestep Division 293

Combined superannuation contribution strategies will not create a method where SMSF members can avoid paying Division 293 tax.

read more
Administration, Death benefits, Estate Planning, financial advice, Financial Planning, SMSF, SMSFA

Death does not stop income allocation

The distribution of fund income may need to be made to an SMSF member even though the individual in question has passed away.

read more
Administration, Compliance, SMSF, SuperStream

Doubt cast on Div 296 start date

The lack of action by large super funds to prepare for the Division 296 impost makes it likely it will not be applied this financial year.

read more
financial advice, Financial Planning, Retirement, SMSF, Strategy

Intent key to recontribution strategy

self managed super, self managed super fund, self managed super funds, self managed superannuation, SMSF, recontribution strategy, tax avoidance, Institute of Financial Professionals Australia, IFPA, Stuart Sheary, Part IVA, tax benefit

A withdrawal and recontribution strategy will be judged on the intent of the action as to whether the Part IVA provisions of the tax act apply to it.

read more
SMSF, Superannuation

SMSFs best for member satisfaction

self managed super, self managed super fund, self managed super funds, self managed superannuation, SMSF, member satisfaction, Roy Morgan, public sector, industry fund, retail funds, Roy Morgan Single Source survey, Michele Levine

As super fund members report high levels of satisfaction with their fund, SMSFs continue to lead the field of retirement savings vehicles.

read more
Division 296, SMSF, Tax

Div 296 asset values can be reduced

self managed super, self managed super fund, self managed super funds, self managed superannuation, SMSF, Division 296, asset values, super balance, Institute of Financial Professionals Australia, IFPA, Natasha Panagis, termination value, total super balance, $3 million threshold, The Super Playbook 2025, property

Assets in an SMSF can be reported at a lower value for Division 296 purposes through using an alternative super balance figure.

read more
ATO, Compliance, Investments, SMSF

Don’t classify gold, diamonds as collectibles

Gold and diamonds have never been considered collectible or personal-use assets and SMSFs should only classify them as physical assets.

read more

Copyright © SMS Magazine 2025

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.