Advisor Q&A: Tax and Your SMSF

Recent changes to superannuation legislation have significantly altered the tax landscape for self-managed superannuation funds (SMSFs), impacting how they operate and manage their finances.

The new superannuation rules have introduced changes that affect the tax implications for SMSFs, including adjustments to capital gains tax concessions and considerations for pension balances exceeding the $1.6 million cap.

The $1.6 million account cap is a limit on the amount you can hold in a tax-free pension phase within your SMSF. Balances exceeding this cap may have different tax implications, requiring careful management.

Yes, capital gains tax concessions are still available for SMSFs, but the recent legislative changes may affect how these concessions are applied. It's important to understand the new rules to maximize benefits.

You can join the live blog session with Editor Tony Kaye and financial advisors Bruce Brammall and Max Newnham to ask your questions about SMSF tax implications. Register and send your questions to the panel beforehand.

Editor Tony Kaye, along with licensed financial advisors Bruce Brammall and Max Newnham, are available to answer your questions about SMSF tax implications during the live blog session.

The live blog will cover topics such as the tax implications of recent superannuation changes, capital gains tax concessions, and managing pension balances over the $1.6 million cap.

To prepare for the live blog session, register in advance and consider sending your questions about SMSF tax implications to the panel beforehand to ensure they are addressed during the discussion.