SMSF tax planning can become particularly important in the period between a member’s death and the following 30 June. During this window, trustees may have opportunities to review asset sales, pension arrangements and fund structure before changes to Total Super Balance affect future tax outcomes. Decisions made before 30 June may help preserve valuable tax concessions and improve the fund’s long-term tax position.
Example:
In Michael and Jessie’s case on pages 4–5:
Selling highly appreciated assets before 30 June 2026 while the SMSF remained fully segregated could make capital gains fully tax free. Waiting until 2026–27 may cause partial tax exposure.
Why This Happens:
After TSB thresholds are exceeded:
- Segregation rules may change
- Exempt income percentages may fall
- Partial CGT may apply
Strategic Opportunity:
SMSFs may benefit from reviewing:
- Planned share sales
- Pension commutations
- Portfolio restructuring
- Death benefit cash-outs
Contact Us
Own an SMSF? Contact us here to discuss potential tax planning opportunities before 30 June.
Disclaimer and Warning
The information above is of a general nature only. It should not be used as a source to make financial decisions. It’s also important to note that the legislation and figures related to this topic tend to change regularly and therefore the information above may not reflect the current status. We recommend that if you are looking for advice on this matter, you should contact us.