What’s New for SMSFs in 2026

Several important changes are shaping the SMSF landscape in 2026, and trustees should stay informed.

The biggest development is the proposed Division 296 tax, which will apply to super balances above $3 million from 1 July 2026. The government has confirmed unrealised capital gains will not be taxed, with the focus instead on realised earnings above the threshold. Further details are still being finalised.

Regulators are also increasing oversight. ASIC has stepped up action against non-compliant SMSF auditors, highlighting the importance of auditor independence and strong governance.

On the investment front, new low-cost trading platforms designed specifically for SMSFs have launched, giving trustees more affordable access to shares and ETFs. At the same time, some banks are returning to SMSF property lending, expanding borrowing options for eligible funds.

Overall, 2026 brings tighter regulation but more flexibility and opportunity for SMSF investors. Trustees should review their strategies and ensure compliance as the changes roll out.

Author

Anitta Rodrigues