From www.smsfadviser.com: SMSF members with a transition to retirement income stream (TRIS) should be aware of their turning 65 date to effectively plan for their transfer balance account (TBA) and transfer balance cap.… read more
From fssuper.com.au: Market-linked pensions can now be fully commuted, allowing members to cash out or convert to an account-based pension until 6 December 2029.
The legislation influences terminology, style, and asset test implications under Centrelink rules.… read more
From www.smsfadviser.com: Superannuation funds are increasingly turning to investment bonds as an alternative strategy to mitigate the impact of proposed Division 296 tax and superannuation death benefits tax, according to Felipe Araujo, CEO of Generation Life.… read more
From atlaswealth.com: The Labor Government has proposed a new superannuation tax, Division 296, which targets Australians with superannuation balances exceeding $3 million, taxing not only realised gains but also unrealised gains.… read more
From www.dbalawyers.com.au: The Federal Court case Lynn v Australian Financial Complaints Authority involved a dispute over the allocation of superannuation death benefits following the death of Richard Lynn, who had a non-binding death benefit nomination in place for his estranged wife and children.… read more
From cgw.com.au: Superannuation death benefits can be directed to spouses, children, and financial dependents, while siblings may only receive them if financially dependent or through the estate.… read more
From www.smsfadviser.com: The Federal Court case, Lynn v Australian Financial Complaints Authority [2025] FCA 175, emphasises the critical need for clear succession and estate planning to ensure deceased members’ super death benefits are distributed as intended.… read more
From hlb.com.au: The end of the financial year presents an opportunity for Australians to maximise superannuation contributions and associated tax deductions, particularly focusing on concessional and non-concessional contributions.… read more
From www.dbalawyers.com.au: The Full Court of the Federal Court of Australia determined that the dominant purpose of the Merchant group’s transaction involving the Gordon Merchant Superannuation Fund was to obtain a tax benefit by crystallizing a capital loss.… read more
From bdo.com.au: SMSFs must document commercial lease terms and maintain accurate valuations to avoid non-arm’s length income (NALI) issues.
Trustees are advised to keep detailed records and consult with advisers to ensure compliance and prevent higher tax rates.… read more
From morningstar.com.au: This checklist provides guidance on managing superannuation before the end of the financial year in 2025.
It covers strategies for contributions, tax implications, fund management, compliance, asset management, and insurance considerations.… read more
From www.smsfadviser.com: The downsizer contribution allows individuals over 55 to add significant funds to their superannuation without affecting their total superannuation balance by contributing up to $300,000 from the sale of their main residence.… read more
From financialnewswire.com.au: The Greens may influence the Government’s decision on indexing the $3 million superannuation tax concession policy since they advocate for both lowering the threshold to $2 million and indexation to prevent bracket creep.… read more
From www.holdingredlich.com: Recent High Court rulings in Australia have shifted the legal framework for employee classification from a multifactorial test to a focus on contractual terms, affecting superannuation obligations.… read more
From www.theguardian.com: Experts argue that the criticism of Labor’s proposal to impose a 15% tax on earnings from superannuation balances over $3 million is excessive and risks hindering necessary reforms for a more equitable system.… read more