- Presentations, Technical Resource
- Regulators
Technical Summit 2023
While not all SMSF clients will be subject to the new tax on earnings for balances over $3m, it is clearly a major issue for our industry.
In this session, Meg Heffron explores some of the new challenges and decisions for impacted clients, advisers and accountants. Which clients (if any) might consider significantly reducing their super balance to manage the tax? Are there good and bad ways to do this? Is the new tax likely to have an impact on how clients choose to invest, contribute to super or manage their estate planning? And finally, what does it mean for the future place of SMSFs in our superannuation landscape? Are we likely to see a large number of funds being wound up or is it just business as usual?
The contents of this resource are taken to be correct at the time of publication.
Disclaimer: Technical Papers contain factual information only and are prepared without considering particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. The information contained in this document does not constitute advice given by the SMSF Association to you. If you rely on this information yourself or to provide advice to other persons, then you do so at your own risk. The SMSF Association is not licensed to provide financial product advice, legal advice or taxation advice. We recommend that you seek appropriate professional advice before relying upon the information in this technical paper. While the SMSF Association believes that the information provided is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this paper is not considered financial advice for the purposes of the Corporations Act 2001. © SMSF Association