Financial Planning

With the end of the current financial year fast approaching, time is running out if you’re planning to boost your superannuation balance before 30 June.

The recent Federal Court case, Lynn v Australian Financial Complaints Authority [2025] FCA 175, has highlighted the importance of clear succession and estate planning to ensure a deceased member’s super death benefits are paid as intended, a legal specialist has said.

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The corporate regulator has said it will review an increased number of audit files in the upcoming financial year.

The ATO has issued guidance on what SMSF members need to understand about compliance regarding responsibilities when appointing trustees or directors of a corporate trustee.

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Bipartisan support now exists to prevent perpetrators of financial abuse and domestic violence from accessing the victim’s superannuation benefits upon their death after the Coalition pledged to take this action should it win power at the federal election in May.

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The ATO has reminded trustees they have until 30 June to make their minimum payment from their pension.