- Presentations, Technical Resource
- Investment standards
National Conference 2024
Assuming the proposed Div 296 tax is legislated in its current form, what are the viable options for your clients? Should they leave their funds in excess of $3 million in super, or withdraw and invest in other options?
In this session we’ll examine the mechanics of the proposed tax, and also analyse:
- what it will mean for those with more than $3 million in super
- the options, and how they compare with leaving funds in super
- how much should be withdrawn
- does lump sum death benefit tax impact
Following this session you will be able to:
- Assess the implications of the proposed Division 296 tax for clients, understanding the immediate and long-term tax consequences.
- Compare the financial efficacy of retaining funds within super against alternative investment strategies for balances over the $3 million threshold.
- Develop strategies for determining the optimal amount to withdraw from super, taking into account tax considerations and individual client circumstances.
- Evaluate how the proposed tax changes may influence the treatment of lump sum death benefits and the impact this has on estate planning and beneficiary considerations.
The contents of this resource are taken to be correct at the time of publication.
Disclaimer: Technical Papers contain general advice only and are prepared without taking into account particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. Before making any decision based on this information, you should assess its relevance to the individual circumstances of your client. 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 bulletin is not considered financial product advice for the purposes of the Corporations Act 2001. © SMSF Association