Protecting your super from scams

Welcome to the October edition of our client newsletter. This month, we bring you a selection of timely and practical articles covering key updates in tax and superannuation – all designed to keep you informed, confident, and in control of your finances.

In this edition:

• Protecting your super from scams – with over $4 trillion in superannuation, it’s no wonder scammers see it as a target. ASIC has warned Australians to stay vigilant amid rising pushy sales tactics and false promises aimed at persuading people into risky super fund switches. Since your super is one of your most significant investments, we outline key steps to help safeguard your nest egg.
• Family trusts: Great benefits, but be aware of the disadvantages – family trusts offer well-known tax advantages, but they also come with responsibilities and potential pitfalls. We explain both the benefits and the challenges so you can make an informed decision.
• The CGT retirement exemption concession – if you’re running a small business and plan to sell it or some of its assets, you may be eligible to reduce or even eliminate capital gains tax (CGT) under the ‘retirement exemption.’ We explain how it works and what you need to know.
• Helping your kids buy their first home using super – want to give your kids a boost towards their first home deposit? Discover why the First Home Super Saver Scheme can be a tax-effective way to help them save faster.
• Tax on redundancy payments explained – if you’ve been made redundant and receive a lump sum payout, understanding how that payment is taxed is essential. We break down the rules around termination payments to help you plan ahead.
• Car claims for electric vehicles (EV) – as EVs become more popular, understanding how to claim car expenses for business use is crucial. We explain how to calculate electricity costs under the logbook method to ensure your claims are accurate.

Bonus reads this month

• Using super to invest in property – how SMSF borrowing works. Borrowing within your SMSF can be a powerful way to grow your retirement savings, but it comes with strict rules and potential risks. We break down what you need to know before getting started.
• SMSFs hit $1 trillion – what the latest ATO statistics mean for you. The latest ATO figures show SMSFs collectively reaching $1 trillion. We explore where this wealth is being invested and what the trends reveal for retirement planning.

We hope you find this edition helpful. As always, feel free to reach out with any questions.

Download newsletter:

2025 – 10 – MBS Monthly Update