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On 13 October 2025, the Treasurer announced significant changes to the yet to be legislated Division 296 tax rules – which proposes to tax the earnings attributable to a person’s total super balance over $3m at higher rates.
In this podcast we discuss the proposed changes, what they could potentially mean for impacted members and funds, and outstanding uncertainties where further clarity is needed.
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Craig Day and Tim Sanderson discuss one of the most widely used superannuation strategies: the re-contribution strategy.
Done right, this strategy has a number of benefits for many clients. However, get it wrong and it can create frustrating headaches that are hard to fix.
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Craig Day, Tim Sanderson, Linda Bruce, Kim Guest and Peter Wheatland discuss the latest technical news including the increase to deeming rates, economic roundtable, consultation on retirement income streams and ATO warnings on accessing super on compassionate grounds.
For more information, see Latest News on the FirstTech site
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Craig Day, Sina Heng and Linda Bruce discuss the ins and outs of varying notices of intent to claim a super deduction.
In this podcast they cover increasing and decreasing the amount claimed as a deduction, as well as timing issues that can cause things to go wrong.
For more information: FirstTech Did You Know Can you increase the amount claimed in a notice of intent?
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Craig Day and Tim Sanderson discuss the proposed Division 296 tax.
FirstTech have received many questions regarding clients who have decided they want to withdraw funds from super to avoid the tax, but are unsure of the best time to make the withdrawal to reduce possible capital gains tax liabilities.
For more information: FirstTech article The proposed Division 296 tax - how the new tax is likely to work
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Craig Day, Tim Sanderson, Richard Chen and Kim Guest discuss the latest technical news including Transfer Balance Cap indexation displaying on myGov, deferral of aged care changes to 1 November, 20% reduction in student HELP debts, scams targeting Centrelink recipients and super members, and how to order FirstTech Guides for 2025/26.
For more information, see Latest News on the FirstTech site.
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Craig Day, Kim Guest and Peter Wheatland discuss the latest technical news including an update on the proposed Division 296 tax, guidance issued by the FAAA on the deductibility of financial advice fees, the Centrelink deeming rate freeze and 3 tips to make the end of financial year go smoothly.
For more information see the FirstTech article 2024-25 end of financial year strategies
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Craig Day is joined by SMSF Association CEO Peter Burgess to unpack the revived Division 296 super tax proposal.
In this episode they clarify how the tax works, including the controversial inclusion of unrealised capital gains, and what advisers need to consider now.
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Craig Day and Kim Guest discuss the process of updating investment balances with Centrelink, including account based pensions, super in accumulation phase, shares, managed funds and bank balances.
Does a client need to update Centrelink or does Centrelink receive the updated values automatically?
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Where an SMSF paying an account based pension fails the pension standards such as not paying the minimum annual payment, it can have significant consequences.
The can include increased fund tax liabilities and the merger of a members different super interests. In addition, following recent ATO guidance it could also trigger a range of transfer balance cap issues and require trustees to navigate significant additional complexity.
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