FirstTech Podcast

By Craig DayBusiness News Investing Business News

FirstTech Podcast episodes

October 07 Question of the month: Who pays SMSF establishment costs?
Craig Day and Tim Sanderson discuss the ATO's guidance on SMSF establishment costs, including when members can pay and be reimbursed, when those costs may be treated as contributions and which establishment expenses can be charged to the SMSF.
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9 min
October 07 Tax return tips to help implement financial planning strategies
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.
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31 min
October 07Latest News - September 2026
Craig Day, Linda Bruce, William Truong and Kim Guest discuss the latest technical news:
Draft legislation for the 30% minimum tax on discretionary trusts
2026 Intergenerational Report and the implications for retirement and aged care advice
How Payday Super is operating three months from commencement
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31 min
September 07Latest News - August 2026
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 breakdown
Proposed super reforms in relation to SMSFs
Changes to the payment of pension supplement when going overseas
Deeming rate from 20 Sept
Announcement regarding Commonwealth Home Support Program
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30 min
September 07 Protecting SMSFs: Understanding the Proposed Reforms
Peter Burgess, CEO of the SMSF Association talks to Craig Day about the proposed super reforms to strengthen customer protections in relation to SMSFs.
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27 min
September 07 Capital gains taxed at minimum 30% rate - impact on personal deductible contribution strategies
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.
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22 min
August 06Latest News - July 2026
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 trusts
ATO releases guidance on SMSF LRBA ban on residential property
Changes to UK pension transfers
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19 min
August 06 Proposed minimum tax on discretionary trusts
Following the May 2026 Federal Budget announcement to introduce a 30% minimum tax on discretionary trusts from 1 July 2028, Treasury released a consultation paper in early July.

In this podcast, Craig Day and Linda Bruce discuss how the proposed reforms could significantly affect clients who operate businesses or hold investments through discretionary trust structures, potentially resulting in higher tax liabilities and changes to existing planning strategies.
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26 min
August 06 Extended land use test and aged care
Craig Day and Kim Guest discuss the Centrelink and aged care implications of a person who is eligible for the extended land use test entering residential aged care.
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17 min
July 09 Question of the month: Defined benefit pensions and Division 296 tax
Craig Day and Tim Sanderson discuss an interesting and complex adviser question 'My client has a defined benefit pension - how do I know if they will be subject to Division 296 tax?'
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29 min

About FirstTech Podcast

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A podcast series for financial advisers looking at the latest technical issues and advice strategies that may impact investors and super fund members. Join Craig Day and members of the Colonial First…