Reading Room - Superannuation & SMSFs
The 50% capital gains tax discount for individuals, trusts and partnerships is abolished, replaced by CPI cost base indexation and a 30% minimum tax on real gains.
From August 2026 new limited recourse borrowing arrangements by SMSFs can only be used to acquire business real property, not residential property.
Superannuation contribution caps have increased offering an opportunity to build retirement savings or reduce taxable income through super contributions.
If you employ staff, Payday Super affects you directly and immediately – employers must now pay superannuation guarantee within 7 business days of each payday.
If you're 55 or over and considering selling the family home, you may be able to contribute up to $300,000 per person into superannuation but rules apply.
SMSFs offer flexibility but running one comes with legal obligations for trustees. The sole purpose test and arm's length rules are two provisions often breached.
Running a self-managed super fund (SMSF) gives you control, but it also brings legal responsibilities. Education is essential for risk management.
From 1 July 2026, employers need to pay superannuation guarantee (SG) contributions at the same time as wages, rather than weeks or months later.
If your super is nudging $3m or you're clearly over, the Treasurer's latest announcement could change how you think about super's generous tax breaks.
