Division 296 Tax: The Estate Planning Wake-Up Call for SMSF Trustees
Overview As Division 296 moves from policy discussion to legislative reality in Australia, Self-Managed Super Fund (SMSF) trustees and their advisers must reassess their estate planning strategies. The introduction of this tax regime, targeting high superannuation balances, presents significant implications for succession planning, death benefit nominations, and the management of reversionary pensions. Legislative Status Division […]
Division 296: What the New $3 Million Super Tax Means for SMSF Trustees
With the Federal Election now behind us, Treasury has confirmed that the proposed Division 296 “earnings tax” on superannuation balances above $3 million will proceed from 1 July. While draft legislation is still being refined, the core policy settings are now clear and SMSF trustees should start planning—especially where significant real property sits inside the fund. Key Features of the […]
