FirstTech Podcast

As we step into the 2026-27 financial year, advisers are actively helping clients plan and implement strategies for the year ahead. However its just as important to look back, as the way clients complete their 2025-26 tax returns can have a direct impact on the success of the financial planning strategies advisers recommended for the 2025-26 year.Several financial planning strategies rely on the correct completion of the individual tax return. If key items are missed or incorrectly reported, the strategy may not work as intended, and in some cases, may even trigger adverse tax consequences.

Craig Day, Linda Bruce, William Truong and Kim Guest discuss the latest technical news:Draft legislation for the 30% minimum tax on discretionary trusts2026 Intergenerational Report and the implications for retirement and aged care adviceHow Payday Super is operating three months from commencement

Craig Day, Linda Bruce, Tim Sanderson, Alex Denham and Kim Guest discuss the latest technical news:CGT and negative gearing changes, in situations involving death and relationship breakdownProposed super reforms in relation to SMSFsChanges to the payment of pension supplement when going overseasDeeming rate from 20 SeptAnnouncement regarding Commonwealth Home Support Program

Peter Burgess, CEO of the SMSF Association talks to Craig Day about the proposed super reforms to strengthen customer protections in relation to SMSFs.

From the 2027-28 financial year, significant changes to CGT rules mean that some clients will realise capital gains that are subject to a minimum 30% tax rate.For these clients, the benefit of making a personal deductible super contribution, as well as the optimum contribution amount, may change compared with current strategies.

Craig Day, William Truong, Richard Chen and Kim Guest discuss the latest technical news:Release of Treasury consultation paper on proposed tax changes to discretionary trustsATO releases guidance on SMSF LRBA ban on residential propertyChanges to UK pension transfers