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 […]
Government Green Lights Commutation of Legacy Pensions for Improved Retirement Planning
Government Provides Green Light for Commutation of Asset Test Exempt Legacy Pensions The landscape of legacy retirement products is undergoing significant changes with the introduction of the Social Security (Waiver of Debts – Legacy Product Conversions) Specification 2025. Released on March 28, 2025, this legislative instrument aims to address a critical policy conflict regarding the […]
Superannuation Planning Strategies for SMSF Success: Understanding the Importance of an Excess Transfer Balance
Learn about Excess Transfers in superannuation planning, crucial for SMSF management. Understand contribution caps, penalties, and strategies for effective planning.
Christmas Gift for Legacy SMSF Pensioners: Immediate Commutation and Enhanced Flexibility
Discover how the recent Treasury Laws Amendment benefits legacy SMSF pensioners, offering flexibility and financial opportunities for managing retirement income. Contact Hill Legal for expert advice.
Chris Hill Shares Insights on SMSFs in SMSF Adviser Show Podcast
Discover key insights on SMSFs from Chris Hill on the SMSF Adviser Show podcast, including regulatory changes, investment strategies, and common pitfalls to avoid. Stay informed to better support your clients in achieving their retirement goals. Contact Hill Legal for expert guidance today.
Expert Legal Advice on Self-Managed Super Funds (SMSFs) in Australia
Discover the significance of Self-Managed Super Funds in Australia, controlling over $930 billion in assets. Learn why legal guidance is crucial for maximizing benefits and ensuring compliance with SMSF regulations. Contact Hill Legal today for expert support.
