Division 296 passed both Houses of Parliament on 10 March 2026 and takes effect from 1 July 2026. For anyone holding assets in a self-managed super fund with significant capital gains built up over the years, there is a one-time opportunity in the legislation that could materially reduce your tax exposure going forward. It applies…
Note: The $6,882 figure represents the reduction in your personal income tax and Medicare levy. Inside your super fund, 15% contributions tax $2,836) is deducted from the sacrificed amount. The net benefit across both your personal tax and your super account is approximately $4,046, with the sacrificed funds now growing inside super in a concessionally…
Key take aways Strategic superannuation contributions in your final 5 working years can add $50,000-$100,000 to your retirement balance through compound growth and tax benefits Poor investment timing during retirement transition could leave you $150,000 worse off over a decade, even with identical average returns Timing major purchases and asset sales before applying for Age…