News : Tax

Division 296, SMSF, Superannuation, Tax

Admin amendments needed for Div 296

Certain payments, such as those pertaining to a personal injury, will require proper treatment to avoid an erroneous Division 296 tax liability.

Certain payments, such as those pertaining to a personal injury, will require proper treatment to avoid an erroneous Division 296 tax liability.

read more
Division 296, Legislation, Regulation, Tax

Uncertainty over super tax continues

Speculation over the Division 296 tax measure is continuing as to its progression and whether the government will keep pursuing it.

Speculation over the Division 296 tax measure is continuing as to its progression and whether the government will keep pursuing it.

read more
Division 296, SMSF, Superannuation, Tax

Division 296 tax called out as un-Australian

The proposed Division 296 tax has been labelled as running counter to the accepted ethos of traditional Australian society.

The proposed Division 296 tax has been labelled as running counter to the accepted ethos of traditional Australian society.

read more
Division 296, SMSF, Superannuation, Tax

Sitting days may hamper Div 296 progress

A limited number of parliamentary sitting days may delay the start of the proposed Division 296 tax, opening the door to changes.

A limited number of parliamentary sitting days may delay the start of the proposed Division 296 tax, opening the door to changes.

read more
Pensions, SMSF, Strategy, SuperStream, Tax

Pensions should not be a tax dodge

Starting a pension in an SMSF to extract large amounts of money and in the process avoiding a CGT liability may be viewed as a misuse of the fund.

read more
Administration, Division 296, Documentation, Investments, SMSF, Strategy, Superannuation, Tax, Valuations

Div 296 to change compliance landscape

Compliance procedures applicable to SMSFs will be significantly impacted by the introduction of the proposed Division 296 tax.

read more
Division 296, Investments, Superannuation, Tax

Div 296 drives investment bond resurgence

self managed super, self managed super fund, self managed super funds, self managed superannuation, SMSF, investment bonds, retirement income, Division 296 tax, estate planning, Generation Life, Vincent Stranges, death benefit taxes

The prospect of the Division 296 tax becoming a reality has spurred interest in investment bonds as superannuants seek other tax friendly options.

read more
Investments, Superannuation, Tax

Super should fund tech developments

superannuation, Super Members Council, Economic Reform Roundtable, research and development, venture capital, Misha Schubert, private equity, start-ups

Australia’s pool of superannuation savings should be used to invest in new scientific and technology developments to boost returns and innovation.

read more
Compliance, Contributions, SMSF, Strategy, Superannuation, Tax

Deductible recontributions scrutinised

Deductions claimed on withdrawals from super that are quickly recontributed will attract scrutiny from the ATO in regards to tax avoidance.

read more

Copyright © SMS Magazine 2025

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.