News

Revisit reversionary pensions under new tax

July 1, 2025

self managed super, self managed super fund, self managed super funds, self managed superannuation, SMSF, automatic reversionary pension, Division 296, $3 million threshold, DBA Lawyers, Bryce Figot, non-reversionary pension, account-based pension

Automatic reversionary pensions may need to be reassessed if the Division 296 impost becomes law as they could trigger the tax for some people.

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Appointments, SMSFA

SMSF Association makes new appointment

SMSF Association, Marnie Page, national partnerships manager, Alistair Shields, Peter Burgess, Neil Sparks

July 1, 2025

Darin Tyson-Chan

A new national partnerships manager has been appointed by the SMSF Association in the wake of the retirement of an industry stalwart.

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Division 296, SuperStream, Tax

SMSFs will have to de-risk under new tax

self managed super, self managed super fund, self managed super funds, self managed superannuation, SMSF, Division 296, investment portfolio, small company, venture capital, unrealised capital gains, Wilson Asset Management, WAM, Geoff Wilson, innovation, trustees, de-risk

June 30, 2025

Jason Spits

The Division 296 tax is likely to drive SMSFs away from small company investments, reducing the pool of capital available to them.

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Division 296, Superannuation, Tax

Div 296 can boost advice proposition

self managed super, self managed super fund, self managed super funds, self managed superannuation, SMSF, Division 296, tax minimisation, personal tax, Accurium, Mark Ellem, marginal tax rate, total super balance, 30 per cent, 15 per cent, financial advice

June 30, 2025

Darin Tyson-Chan

The proposed Division 296 measure gives practitioners the opportunity to enhance their advice proposition through tax optimisation strategies.

Benefits tax a factor in recontributions

self managed super, self managed super fund, self managed super funds, self managed superannuation, SMSF, recontribution strategy, taxable component, MLC, Scott Quinn, adult child, non-tax dependant, death benefit, government co-contribution, spouse contribution

June 30, 2025

Jason Spits

Giving thought to the tax impact of death benefits paid to adult children may be a trigger to engage in a recontribution strategy.

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Investments, Superannuation

ASFA endorses change to US bill

Association of Superannuation Funds of Australia, ASFA, Big Beautiful Bill, section 899, Mary Delahunty, US economy

June 30, 2025

Darin Tyson-Chan

ASFA has applauded an amendment made to the US government’s ‘big beautiful bill’ that will result in a better outcome for superannuants.

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Documentation, Superannuation

Refund of early withdrawal possible

self managed super, self managed superannuation, SMSF, withdrawal, condition of release, Accurium, Mark Ellem, refund, SMSF Professionals Day 2025, rectification, error

June 26, 2025

Darin Tyson-Chan

An accidental withdrawal from an SMSF bank account can be redeposited without consequence as long evidence can prove the transaction was an error.

Div 296 sparking death benefit discussions

self managed super, self managed superannuation, SMSF, death benefit tax, Division 296, Heffron, Meg Heffron, assets outside superannuation, tax

June 26, 2025

Jason Spits

The Division 296 impost has prompted SMSF members looking at retaining assets in super to consider the tax impact of their death on their beneficiaries.

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Contributions, Superannuation, Tax

Deduction claims based on fund receipt

self managed super, self managed superannuation, SMSF, superannuation, contribution, tax deductible, Institute of Financial Professional Australia, Natasha Panagis, ATO, private binding ruling, personal deductible contribution, notice of intent

June 26, 2025

Jason Spits

Tax deductions for a super contribution are based on when a fund receives the money, with the ATO confirming late arrivals will not be considered.

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Education, financial advice

Intensive study offered for lagging advisers

Kaplan Professional, financial adviser, education requirements, experience pathway, Brian Knight, deadline

June 26, 2025

Penny Pryor

A financial services education provider has created an intensive study program for financial advisers to help them meet the 31 December 2025 deadline.

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