Category: Blog
Division 296 CGT Election for SMSFs
Purpose of the CGT Election (Division 296) The Division 296 CGT election allows an SMSF trustee to reset the cost base of CGT assets held as at 30 June 2026 to their market value on that date. The main aim is to avoid double taxation of growth in asset value where part of the gain accrued befo..Read More
Division 296 Tax Changes Now Law
New legislation has passed parliament with no amendments, introducing Division 296 to reduce tax concessions for individuals with very large super balances and updating the Low-Income Superannuation Tax Offset (LISTO) to align with broader tax and super rules. What This Means for High-Balance Sup..Read More
2026–27 Superannuation Rates and Thresholds
The 2026–27 financial year brings several important changes to Australia’s superannuation system. These updated caps and thresholds affect how much you can contribute, how pensions are managed, and whether additional tax may apply. Understanding these limits is essential for effective retirement..Read More
Division 296 Tax: Implications for Members with High Superannuation Balances
The Australian Government has announced the introduction of Division 296 tax, a new measure that applies to individuals with high superannuation balances. The tax is scheduled to commence from 1 July 2026 and will primarily affect members whose total super balance exceeds $3 million. Although the..Read More
Non-Geared Unit Trusts for SMSF Investors
For self-managed super fund (SMSF) investors, a non-geared unit trust can be an effective way to access pooled assets while staying compliant with superannuation rules. But what is a non-geared unit trust, and why might it suit your SMSF? A unit trust is a structure where assets are divided into de..Read More
SMSF Death Benefits for Minor Children
When a member of a self-managed superannuation fund passes away, trustees must carefully manage death benefits. Minor children often need special consideration under superannuation and tax law. Who is a Death Benefits Dependant A death benefits dependant is determined at the time of the memberâ€..Read More
SMSF Quarterly Statistics – September 2025: What the Latest Numbers Mean for Trustees
The ATO Self-Managed Super Fund (SMSF) Quarterly Statistical Report for September 2025 has been released, offering a clear snapshot of the current SMSF landscape and how trustees across Australia are managing their superannuation. The data confirms that SMSFs remain a cornerstone of Australia’s r..Read More
Transfer balance cap and super contribution limits: what’s changing and how to plan
Several superannuation caps are increasing over the next two financial years. These changes may affect how much you can contribute to super and how much you can move into a tax-free retirement phase pension. Understanding the transfer balance cap and contribution limits can help you plan ahead and ..Read More
SMSFs and ATO Education Directions: What You Need to Know
Managing a self-managed super fund (SMSF) comes with responsibilities, and even experienced trustees can sometimes make mistakes. The Australian Taxation Office (ATO) has a range of ways to deal with breaches of the Superannuation Industry (Supervision) Act 1993 (SISA). One tool they often use is an..Read More
ATO’s Draft PS LA 2025/D2: What It Means for SMSF Trustees — iCare Super Insight
The Australian Taxation Office (ATO) has released a new draft practice statement, PS LA 2025/D2, outlining how and when it may issue education directions to trustees of Self-Managed Super Funds (SMSFs). This new approach focuses on improving trustee understanding and compliance through education rat..Read More