After seeing a lot of misunderstanding and fear from SMSF clients about the $3m Superannuation Balance Tax (or Div 296 Tax) Kieran Hoare, Merthyr Law’s SMSF Specialist hosted the below webinar to unpack the new tax.
This webinar covered
- How the tax will work in practice
- Real life case studies (such as the effective tax rate for someone with an adjusted total super balance of $4.5m on 30 June 2026 has an effective additional tax of 5% rather than 15%)
- How liquidity planning will become so much more important
- The requirements of valuations
- What other alternatives (such as family trusts, companies, individual investment and insurance bonds) may be available
- How lumpy assets (such as real property) may be removed from the Fund without transfer duty in Queensland and how same need not be funded through cash payments for those members who have met a condition of release
- The interaction with death benefits tax planning
- Questions
