Navigating the new Superannuation Tax on balances over $3m, strategies to implement

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.

The ATO uses the Adjusted Total Super Balance (ATSB) method from Nexia to combine all super accounts. This includes accumulation accounts, pensions, and certain withdrawn amounts. ASIC’s guidance confirms that even balances slightly over $3 million face liability due to the “cliff edge” assessment on June 30 values. This is evident in Wattle Partners’ client case studies.

The 15% additional tax will apply from 1 July 2025. Assessments will use June 30 balances starting from the 2024-25 financial year. Treasury documents highlight the risk of delayed planning, with penalties up to 75% of tax owed. ATO examples confirm that valuations are locked in at financial year-end.

Unrealised gains are captured using the formula (Closing Balance + Withdrawals – Opening Balance). ASIC SMSF guidelines require annual property revaluations. For instance, a $2m commercial property appreciating to $2.5m adds $500k to “earnings”. Share portfolios face similar treatment, unlike REITs with market pricing.

ASIC’s RG 97 advises against sacrificing Centrelink benefits for tax savings. Case studies show withdrawing $100k to hit $2.9m might save $15k tax but lose $7k Age Pension. Wattle Partners’ timing charts align withdrawals with June 30 thresholds while preserving entitlements.

A> Yes, but ASIC’s RG 166 highlights compliance risks. Nexia’s analysis shows moving $500k from super to a NSW discretionary trust saves $7,500/yr in Division 296 tax but adds $2,385 in land tax. Victoria’s higher rates make REITs preferable for SMSFs with property exposure.

A> While bypassing probate under NSW succession law, they increase the recipient’s balance. A $1.6m pension reverting to a spouse already at $1.5m pushes them over $3m. Binding nominations avoid this but require strict compliance with SMSF trust deeds.

A> The ATO applies Tier 1 penalties (75% of tax shortfall) for unsubstantiated valuations. ASIC SMSF auditors require independent appraisals for properties over $1m. Wattle Partners’ case study shows a $4m balance dispute resolved using CBRE valuations cost $3,200 vs potential $56k penalty.

A> Pre-2025 NCCs permanently increase your balance. A 55-year-old contributing $330k NCCs (vs $110k) could reach $3m 8 years earlier. Treasury modelling shows this attracts $18k/yr extra tax from 2025. Contribution splitting using the ATO’s NAT 72327 form helps balance spouse accounts.

A> ASIC’s RG 175 warns against cold-callers promoting “Division 296 loopholes”. Verify advisors on the Financial Adviser Register – check RG 146 compliance and lack of enforceable undertakings. Full-service advisors like Wattle Partners typically charge 0.5%-1% AUM vs online services at $2,500 flat fee.

A> NSW succession law changes and Division 296 require updates after divorce, inheritance, or adult children accessing FHSS. A case study shows a $1.6m couple using non-lapsing nominations saved $32k tax while allowing children to withdraw $50k FHSS funds.