With the objective of superannuation now firmly in place and a new draft of the Division 296 legislation out for consultation, it may seem there is little left to anticipate in the SMSF sector in 2026.
SMSF members with legacy pensions should be aware a commuted income stream may affect their Centrelink entitlements, but also the government has employed staff who can calculate the impact, a technical specialist has said.
There are very few restrictions on who can become a member of an SMSF, but there are conditions with which members must comply when they are in a fund, a specialist adviser said.