Division 296 Strategic considerations for SMSF trustees and members

Division 296 is now law, and whilst we are not likely to see the first assessments being issued until 2028 there are elements that all SMSFs need to be contemplating for year one and strategic considerations that need to be weighed up at the member, fund, and beneficiary level. There will also be additional administration requirements that funds need to prepare for.

In this webinar, Tim Miller from Smarter SMSF will look at how the 30 June 2026 CGT cost base adjustment is a relevant discussion for all SMSFs, how Division 296 adds to the debate between reversionary and non-reversionary pensions and finally by extension, how death of an individual can lead to a triple threat death tax outcome that everyone should be trying to avoid, or at the very least minimise. For clients impacted by Div 296 it is not simply a case of take it out or leave it in, it’s about making decisions based on each individuals circumstances, and this concept will also be explored as part of the session. 
 
Learning Outcomes
At the end of this webinar, participants will have an appreciation for:
·       The pros and cons of CGT cost base adjustments.
·       How the terms and conditions of existing or future pensions can impact who pays Div 296 and when.
·       The need to have estate planning conversations sooner rather than later.
·       How Div 296 will impact more than just members with more than $3 million.

Presenter: Tim Miller

Cost: Free

Date: Tuesday 19th May

Time: 12:30pm – 1:30pm AEST

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Tim Miller

Tim Miller is the SMSF Technical and Education Manager at Smarter SMSF and is one of Australia’s leading SMSF educators and presenters with over 25 years’ experience in the Superannuation industry.  His experience has been gained through providing legislative and compliance support to thousands of Trustees, Accountants and Financial Planners since joining the SMSF sector in 1999.  In addition to servicing the needs of SMSF clients, his practical and personable approach to compliance has made him a much sought after presenter.

Tim regularly presents at the major SMSF conferences and events, contributes to various trade and general publications, he is a Fellow SMSF Association Specialist and was awarded the CEO Award at the 2023 SMSF Association National Conference for services to the SMSF sector.