Monthly Musings

In this “Monthly Musings” for the month of October we will provide a Market and Economic Conditions Update, release a brand new episode of our short video series 3 Minute Tech titled “How much Super should you have?”, present an overview in our Focal Point section on “Better Targeted Super Concessions (Div. 296 Tax) Update”, and showcase a flashback to a popular episode of our “Finding the Front” podcast with special guest, Dale Henderson, Managing Director & CEO of Pilbara Minerals.

Better Targeted Super Concessions (Div. 296 Tax) Update

After sustained industry pushback, the Government has reshaped its Better Targeted Superannuation Concessions (BTSC) policy to remove the controversial tax on unrealised gains. From 1 July 2026, BTSC will apply only to realised earnings, introduce a two-tier framework for very large balances, and index the $3m and $10m thresholds to CPI (aligned with Transfer Balance Cap movements). The ATO will continue to assess liabilities, while funds – including SMSFs – will need the capability to attribute realised earnings to in scope members on a fair and reasonable basis.