xplan hint — Iress Community

🤓 Xplan Hint: Balancing your SMSF in Xtools+

courtney.youngblutt — Mon, 27 Jul 2026 03:53:13 +0000

Did you know that you need to enter both sides of an SMSF's balance sheet in Xtools+?

For the SMSF to be modelled correctly, TOTAL ACCOUNTS must equal NET ASSETS, meaning you need to enter the accounts of the SMSF (including existing SMSF Pensions) as well as its assets and liabilities.

To help you balance the SMSF, we now show the total accounts and net assets on the SMSF Key Details Input screen, which is located at Input > SMSF Admin > Key Details.

If your total accounts = net assets, the message at the bottom shows that accounts and net assets are balanced.

If your SMSF isn’t balanced, the message at the bottom of the screen will tell you to adjust the inputs.

https:\/\/us.v-cdn.net\/6038637\/uploads\/G0F3GBV5C967\/copy-of-iress-community-blog-post-graphic-850x450-286-29.png<\/a><\/p>

From the evening of 26 June 2026, you now have the tools you need to model and manage the Division 296 tax for an accumulation super account (including untaxed) and an SMSF in CALM Xtools+. This update brings core calculations to CALM Xtools+, giving you more time to assess strategies ahead of key legislative milestones.<\/p>

This release provides you with the following foundational capabilities.<\/p>

Project the $3 million and $10 million thresholds forward, indexed to the Consumer Price Index.<\/li>

Calculate total earnings across super accumulation and account-based pensions (including untaxed and SMSF).<\/li>

Track exactly when your clients are likely to become liable for the tax.<\/li>

Fund the tax liability from personal cash flow or super\/SMSF accumulation accounts.<\/li>

Toggle the SMSF cost base reset option and either manually enter or automatically calculate specific cost bases.<\/li>

Manage specific exemptions and concessions, including for structured settlement contributions and state higher-level office holders.<\/li><\/ul>
Below we walk you through the details, including the SMSF complexities. <\/p>
You can also access eLearning on the Iress Learning Centre<\/a>, which combines interactive elements, videos, and knowledge checks to help reinforce key points.<\/p>
🚀 Release<\/strong><\/h2>
This update was released Friday 26 June 2026.<\/strong><\/p>
🔎 Contents<\/strong><\/h2>Legislative Data<\/a><\/li>
Thresholds and earnings calculations<\/a><\/li>
Limits and Thresholds Display<\/a><\/li>
Controlling cashflow and release from super<\/a>
Impact on Total Super Balance<\/a><\/li><\/ul><\/li>
Applying exemptions and exclusions<\/a>
Turn off the tax<\/a><\/li>
Exclude untaxed earnings for state higher level office holders<\/a><\/li><\/ul><\/li>
The SMSF Cost Base Reset Election<\/a><\/li>
Detailed calculations for SMSF Division 296 earnings<\/a><\/li>
Deciding whether to apply the Cost Base Reset Election<\/a><\/li>
Xmerge Codes<\/a><\/li>
Future updates<\/a><\/li>
Sharing your feedback<\/a><\/li><\/ul>
Legislative Data<\/strong><\/h2>
The calculations use the following legislative data, sourced from the Treasury Laws Amendment (Building a Stronger and Fairer Super System) Bill 2026. <\/p>
Tax Thresholds:<\/strong><\/p>
Primary Threshold:<\/strong> $3 million (Large Superannuation Balance).<\/li>
Secondary Threshold:<\/strong> $10 million (Very Large Superannuation Balance).<\/li>
Indexation:<\/strong> Annual adjustment to CPI, indexed in $150,000 (primary) and $500,000 (secondary) increments, aligned with the Transfer Balance Cap.<\/li>
Tax Rates:<\/strong>
Lower Tier:<\/strong> 15% on earnings between $3m and $10m.<\/li>
Upper Tier:<\/strong> 25% on earnings above $10m.<\/li><\/ul><\/li>
Large APRA Fund Adjustment Factors:<\/strong> The \"prescribed adjustment factors\" for Large APRA Funds (Accumulation\/Untaxed\/Account Based Pension) as defined in the Treasury Laws Amendment (Building a Stronger and Fairer Super System) Regulations 2026<\/em>.\nBecause it is highly complex for large APRA-regulated funds to individually reset the cost base of millions of underlying assets to their 30 June 2026 market value (which is the method available to SMSFs), this factor method provides transitional relief.\nInstead of tracking specific asset values, the fund simply takes its overall net capital gain and multiplies it by the following prescribed factors:2026-27 income year:<\/strong> 0.2<\/li>
2027-28 income year:<\/strong> 0.4<\/li>
2028-29 income year:<\/strong> 0.6<\/li>
2029-30 income year:<\/strong> 0.8<\/li><\/ul><\/li><\/ul>Xtools Legislative data for Division 296 was quietly updated along with Xplan Leg Rates 2026-27 Budget: Medicare Levy Low Income Thresholds.<\/strong><\/a><\/p>
Thresholds and earnings calculations<\/strong><\/h2>
You have full visibility over your clients' Division 296 tax projections. The system automatically calculates total earnings and tracks them against legislative thresholds.<\/p>
Project thresholds:<\/strong> You can view the primary $3 million and secondary $10 million thresholds on the Rates and Thresholds page in Xtools+. These index automatically to the November Consumer Price Index using $150,000 and $500,000 increments.<\/li>
Calculate total earnings:<\/strong> We automatically calculate total earnings across all accumulation super and account-based pension accounts. The system applies the prescribed adjustment factors for large APRA funds to capital gains earnings. Note that the super projections in the Xtools generally make the conservative assumption that the ⅓ capital gains discount does not apply<\/strong>, as assets have not been held for at least 12 months. <\/li>
Identify liability dates:<\/strong> You can track exactly when your clients become liable for the tax.<\/li><\/ul>
Limits and Thresholds Display<\/strong><\/h2>
You can see details of the Division 296 calculations at the bottom of the Limits and Thresholds Display page at Display > Individual > Super > Client > Limits and Thresholds. <\/p>
The hyperlink shown below the header shows you the financial year in which we calculate your client first becomes liable for the tax, as well as the option applied regarding payment of the tax. <\/p>
The calculations apply the “higher of” rule for total super balance<\/strong>, which prevents individuals from making large temporary withdrawals just before June 30 to dodge the tax. This includes the special transitional rule for 2026\/27,<\/strong> which uses only the closing total super balance for that financial year.<\/p>
In Xtools+, the \"prescribed adjustment factors\" for Large APRA Funds <\/strong>are applied to Superfund 1 and Superfund 2 in the row > Percentage Assessable for Retail Funds. Note that when you override the 100% percentage of capital gains that are generally assessable for Retail Taxed Super funds, this is applied before the prescribed adjustment factors.<\/p>
https:\/\/us.v-cdn.net\/6038637\/uploads\/XWXYE0NT63S6\/image-9986d0374a1358-5b71.png<\/a><\/p>
Controlling cashflow and release from super<\/strong><\/h2>
You can control exactly how the tax impacts your client's projected balances. <\/p>
Timing:<\/strong> The system calculates the tax from 1 July 2026 and includes the first Div 296 liability in projections at the end of the 2026\/27 financial year.<\/li>
Included as an expense:<\/strong> By default, the system includes the calculated tax in your client's cashflow as an expense.<\/li>
Release from super:<\/strong> You have the option to fund the tax liability directly from the projected balance of Superfund 1, Superfund 2 (including Untaxed) or SMSF accumulation accounts. You can choose prorata, which apportions the tax according to total super balance or to select one particular fund for it to be deducted from first. You cannot show the tax being deducted from account-based pension accounts.<\/li>
Adjust settings:<\/strong> You can manage these deduction settings by clicking the popup hyperlink at Individual> Input > Super > Client\/Partner > EOP Transactions > Release of Tax, as shown below:<\/li><\/ul>https:\/\/us.v-cdn.net\/6038637\/uploads\/RPG1FN0NXAMY\/image-cf6101f80ba3a8-1e62.png<\/a><\/p>
You can also change the settings from many other pages, including: <\/p>
Input > Individual > Superannuation > Client\/Partner > Regular CCs > Taxes<\/li>
Display > Individual > Cashflow > Cashflow Consolidated <\/li>
Display > Individual > Cashflow > Taxation<\/li>
Display > Individual > Superannuation > Client\/Partner > Limits & Thresholds<\/li>
Display > SMSF > Cashflow > Cashflow Consolidated <\/li>
Display > SMSF > Assets > Working Cash Account<\/li><\/ul>
https:\/\/us.v-cdn.net\/6038637\/uploads\/UQVTQQ0UXANP\/image-0965ba8832e348-b4e9.png<\/a><\/p>
Impact on Total Super Balance<\/strong><\/h2>
Total Super Balance is calculated at the top of Display> Individual > Superannuation > Client\/Partner > Limits & Thresholds. <\/p>
As noted earlier, the system includes the Div 296 liability in projections at the end of the applicable financial year and deducts it from cashflow by default.<\/p>
When you set the Div 296 to be paid from superannuation, the release amounts are added back to the calculated Total Super Balance, so the Div 296 tax calculations in the next year is based on a realistic balance.<\/p>
https:\/\/us.v-cdn.net\/6038637\/uploads\/DCK1PDD5DC6V\/image-11cfce1efdeb08-4166.png<\/a><\/p>
Applying exemptions and exclusions<\/strong><\/h2>
You can tailor the calculations to fit your clients' unique circumstances and switch off the tax entirely for specific accounts.<\/p>
Turn off the tax <\/strong><\/h3>
You can use a toggle to turn off the tax completely for clients who are exempt, such as those holding a child allocated pension<\/strong> or who have received a structured settlement<\/strong> and made a personal injury contribution.<\/p>
To turn off the tax, set Div 296 Tax Applies to No. <\/p>
This input can be accessed in the various screens noted above under Controlling cashflow and deductions. <\/p>
Below we see the screen for Input > Individual > Super > Client > Regular CCs.<\/p>
https:\/\/us.v-cdn.net\/6038637\/uploads\/LLAXTNCBTN2Q\/image-d0b26cb00fad78-d348.png<\/a><\/p>
Exclude untaxed earnings for state higher level office holders<\/strong><\/h3>
If your client is a state higher level office holder with an untaxed fund, you can apply special Division 296 treatment to exclude the earnings from the untaxed fund from the calculation of Division 296 tax. Note that the balance of the Untaxed Fund will still be included when calculating Total Superannuation Balance for the Division 296 calculations.<\/p>
You can find the setting at Input > Super > Client\/Partner > Accounts under the heading for the Superfund 2, provided the Plan Type is set to Untaxed. To apply the setting, set it to Yes.<\/p>
https:\/\/us.v-cdn.net\/6038637\/uploads\/4PSHUD742C4R\/image-5a7f01ebc691d8-3e82.png<\/a><\/p>
The SMSF Cost Base Reset Election <\/strong><\/h2>
The \"cost base reset\" is a transitional mechanism designed to ensure that the Division 296 tax only applies to SMSF capital gains made after 1 July 2026<\/strong>. For Division 296 purposes only, a SMSF trustee can choose to treat the \"cost\" of an asset as its Market Value on 30 June 2026<\/strong>. If you make the election, it applies to every CGT asset<\/strong> held by the fund on 30 June 2026 (shares, property, etc.). The election must be made with the fund's 2026–27 tax return<\/strong>.<\/p>
A Cost Base Reset setting has been included in Xtools+ so you can evaluate the impact of making the election, or not. The setting is accessible from the new SMSF Key Details screen shown below. <\/p>
https:\/\/us.v-cdn.net\/6038637\/uploads\/Q1PQN2KU85IU\/image-ba06a0ec37e36-ebcf.png<\/a><\/p>
The setting is also accessible from Input > SMSF Admin > Assets Financial Holdings AND > Property.<\/p>
https:\/\/us.v-cdn.net\/6038637\/uploads\/MMJM75Y6WY1J\/image-d45f398a723b78-c008.png<\/a><\/p>
For projections starting on or before 1 July 2026, the system automatically calculates the 1 July 2026 cost base using your clients' SMSF asset balances. <\/p>
For projections starting after 1 July 2026, you can manually enter the specific Division 296 cost base for each individual SMSF asset or property.<\/p>
The input for the cost base reset election can also be accessed in most of the screens and pop-ups noted above under Controlling cashflow and deductions. <\/p>
Detailed calculations for SMSF Division 296 earnings<\/strong><\/h2>
You can see the apportionment of SMSF Division 296 earnings as well as the Division 296 capital gains tax calculations at the bottom of the SMSF Taxation Display i.e. Display > SMSF Admin > Cashflow > Taxation. <\/p>
SMSF Division 296 earnings are apportioned using its account balances after all of the SOP transactions.<\/p>
Below we see an example where the Cost Base Reset election has been applied. The general capital gains tax calculation for the SMSF is shown under Income.<\/p>
https:\/\/us.v-cdn.net\/6038637\/uploads\/RHGFWQADOFLY\/image-b5b976f1605278-40a2.png<\/a><\/p>
The capital gains portion of the SMSF Division 296 earnings are calculated differently using the 1 July 2026 asset balances as a cost base when the cost base reset election has been applied. <\/p>
In this example we can see the special treatment of Division 296 capital losses. The Explanatory Memorandum to Treasury Laws Amendment (Building a Stronger and Fairer Super System) Bill 2026 noted that: <\/p>
“The additional use of capital losses only applies to the calculation of the net capital gain for Division 296 purposes for that income year. In other words, in the following income year, the fund will still have available its usual balance of carried forward capital losses to be applied in working out its net capital gain, including for Division 296 purposes”. <\/em><\/p><\/div><\/blockquote>
Therefore in this case, the Division 296 capital loss realised in 2026\/27 ($100,070) can only be used to offset Division 296 capital gains in the same financial year. Since no other Division 296 capital gains were realised in that financial year to use it up, the $100,070 remains unused and cannot be carried forward. <\/p>
When the SMSF realises a Division 296 capital gain in 2027\/28, the usual balance of carried forward capital losses (the general capital loss of $200,070, realised in 2026\/27) offsets the Division 296 capital gain. <\/p>
https:\/\/us.v-cdn.net\/6038637\/uploads\/DX24JEP4KHIY\/image-74c6a3749b72b-51c9.png<\/a><\/p>
Deciding whether to apply the Cost Base Reset Election<\/strong><\/h2>
You can see how the SMSF Division 296 earnings affect the individual’s Division 296 liability at Display > Individual > Superannuation > Client\/Partner > Limits & Thresholds. <\/p>
In the following case we see that Income earnings included from the Perfect Super SMSF starts from $65,987 in 2026\/27 and the capital gains assessed are generally Nil, except for 2027\/28, when capital gains of $968,150 are included and Bob’s Division 296 tax liability increases from $6,787 in 2026\/27 to $106,474 in 2027\/28.<\/p>
https:\/\/us.v-cdn.net\/6038637\/uploads\/77MG0ULE4F3L\/image-0eec59ac784908-2766.png<\/a><\/p>
You can click the hyperlink below the Div 296 heading to toggle the Cost Base Reset option or deduct the tax from Super. <\/p>
When we turn off the Cost Base Reset election, the capital gain for 2027\/28 increases to $2,043,633 and Bob’s Division 296 tax increases to $217, 086.<\/p>
https:\/\/us.v-cdn.net\/6038637\/uploads\/B76ACP5KNAAH\/image-c93ed9d1f364b-6cef.png<\/a><\/p>
Xmerge Codes<\/strong><\/h2>
You can code your documents to include Division 296 <\/em>recommendations and outputs by using the Xmerge Codes<\/em> available for these new features. <\/p>
The codes are collated in the Xmerge Library.<\/strong><\/a><\/p>
Future updates<\/strong><\/h2>
Refined calculations: <\/strong>These will incorporate the treatment of defined benefit interests, following clarification on family law valuation factors.<\/li>
Whole of Wealth reporting:<\/strong> New capabilities to compare tax outcomes across different entities will be introduced.<\/li><\/ul>Sharing your feedback <\/strong><\/h2>
We are committed to developing tools that align with your workflow and highly value your insights.<\/p>
Should you have any questions about this Xtools+ <\/em>update, please don't hesitate to reach out to us. You can contact our Help Desk at 1300 1300 69, speak directly with your Relationship Manager, or use Xtools Connect<\/strong><\/a>.\n🔔 Select the Division 296 tag below and click the 'Follow' button to be notified of future updates.<\/strong><\/p>","bodyRaw":"[{\"type\":\"rich_embed_card\",\"children\":[{\"text\":\"\"}],\"dataSourceType\":\"image\",\"url\":\"https:\\\/\\\/us.v-cdn.net\\\/6038637\\\/uploads\\\/G0F3GBV5C967\\\/copy-of-iress-community-blog-post-graphic-850x450-286-29.png\",\"embedData\":{\"url\":\"https:\\\/\\\/us.v-cdn.net\\\/6038637\\\/uploads\\\/G0F3GBV5C967\\\/copy-of-iress-community-blog-post-graphic-850x450-286-29.png\",\"name\":\"Copy of Iress Community blog post graphic 850x450 (6).png\",\"type\":\"image\\\/png\",\"size\":124009,\"width\":850,\"height\":450,\"displaySize\":\"large\",\"float\":\"none\",\"downloadUrl\":\"https:\\\/\\\/community.iress.com\\\/api\\\/v2\\\/media\\\/download-by-url?url=https%3A%2F%2Fus.v-cdn.net%2F6038637%2Fuploads%2FG0F3GBV5C967%2Fcopy-of-iress-community-blog-post-graphic-850x450-286-29.png\",\"active\":true,\"mediaID\":18884,\"dateInserted\":\"2026-06-25T22:54:57+00:00\",\"insertUserID\":24557,\"foreignType\":\"embed\",\"foreignID\":\"24557\",\"embedType\":\"image\"}},{\"type\":\"p\",\"children\":[{\"text\":\"From the evening of 26 June 2026, you now have the tools you need to model and manage the Division 296 tax for an accumulation super account (including untaxed) and an SMSF in CALM Xtools+. 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updates\"}]},{\"text\":\"\"}]}]},{\"type\":\"li\",\"children\":[{\"type\":\"lic\",\"children\":[{\"text\":\"\"},{\"type\":\"a\",\"url\":\"https:\\\/\\\/community.iress.com\\\/ic\\\/discussion\\\/102931\\\/xtools-division-296-release-information-and-user-guide#:~:text=Sharing%20your%20feedback%C2%A0\",\"children\":[{\"text\":\"Sharing your feedback\"}]},{\"text\":\"\"}]}]}]},{\"type\":\"h2\",\"children\":[{\"text\":\"Legislative Data\",\"bold\":true}]},{\"type\":\"p\",\"children\":[{\"text\":\"The calculations use the following legislative data, sourced from the Treasury Laws Amendment (Building a Stronger and Fairer Super System) Bill 2026. \"}]},{\"type\":\"p\",\"children\":[{\"text\":\"Tax Thresholds:\",\"bold\":true}]},{\"type\":\"ul\",\"children\":[{\"type\":\"li\",\"children\":[{\"type\":\"lic\",\"children\":[{\"text\":\"Primary Threshold:\",\"bold\":true},{\"text\":\" $3 million (Large Superannuation Balance).\"}]}]},{\"type\":\"li\",\"children\":[{\"type\":\"lic\",\"children\":[{\"text\":\"Secondary Threshold:\",\"bold\":true},{\"text\":\" $10 million (Very Large Superannuation Balance).\"}]}]},{\"type\":\"li\",\"children\":[{\"type\":\"lic\",\"children\":[{\"text\":\"Indexation:\",\"bold\":true},{\"text\":\" Annual adjustment to CPI, indexed in $150,000 (primary) and $500,000 (secondary) increments, aligned with the Transfer Balance Cap.\"}]}]},{\"type\":\"li\",\"children\":[{\"type\":\"lic\",\"children\":[{\"text\":\"Tax Rates:\",\"bold\":true}]},{\"type\":\"ul\",\"children\":[{\"type\":\"li\",\"children\":[{\"type\":\"lic\",\"children\":[{\"text\":\"Lower Tier:\",\"bold\":true},{\"text\":\" 15% on earnings between $3m and $10m.\"}]}]},{\"type\":\"li\",\"children\":[{\"type\":\"lic\",\"children\":[{\"text\":\"Upper Tier:\",\"bold\":true},{\"text\":\" 25% on earnings above $10m.\"}]}]}]}]},{\"type\":\"li\",\"children\":[{\"type\":\"lic\",\"children\":[{\"text\":\"Large APRA Fund Adjustment Factors:\",\"bold\":true},{\"text\":\" The \\\"prescribed adjustment factors\\\" for Large APRA Funds (Accumulation\\\/Untaxed\\\/Account Based Pension) as defined in the \"},{\"text\":\"Treasury Laws Amendment (Building a Stronger and Fairer Super System) Regulations 2026\",\"italic\":true},{\"text\":\".\\nBecause it is highly complex for large APRA-regulated funds to individually reset the cost base of millions of underlying assets to their 30 June 2026 market value (which is the method available to SMSFs), this factor method provides transitional relief.\\nInstead of tracking specific asset values, the fund simply takes its overall net capital gain and multiplies it by the following prescribed factors:\"}]},{\"type\":\"ul\",\"children\":[{\"type\":\"li\",\"children\":[{\"type\":\"lic\",\"children\":[{\"text\":\"2026-27 income year:\",\"bold\":true},{\"text\":\" 0.2\"}]}]},{\"type\":\"li\",\"children\":[{\"type\":\"lic\",\"children\":[{\"text\":\"2027-28 income year:\",\"bold\":true},{\"text\":\" 0.4\"}]}]},{\"type\":\"li\",\"children\":[{\"type\":\"lic\",\"children\":[{\"text\":\"2028-29 income year:\",\"bold\":true},{\"text\":\" 0.6\"}]}]},{\"type\":\"li\",\"children\":[{\"type\":\"lic\",\"children\":[{\"text\":\"2029-30 income year:\",\"bold\":true},{\"text\":\" 0.8\"}]}]}]}]}]},{\"type\":\"p\",\"children\":[{\"text\":\"Xtools Legislative data for Division 296 was quietly updated along with \"},{\"type\":\"a\",\"url\":\"https:\\\/\\\/community.iress.com\\\/ic\\\/discussion\\\/102792\\\/xplan-leg-rates-2026-27-budget-medicare-levy-low-income-thresholds?utm_source=community-search&utm_medium=organic-search&utm_term=Xplan+Leg+Rates+2026-27+Budget%3A+Medicare+Levy+Low+Income+Thresholds.\",\"children\":[{\"text\":\"Xplan Leg Rates 2026-27 Budget: Medicare Levy Low Income Thresholds.\",\"bold\":true}]},{\"text\":\"\"}]},{\"type\":\"h2\",\"children\":[{\"text\":\"Thresholds and earnings calculations\",\"bold\":true}]},{\"type\":\"p\",\"children\":[{\"text\":\"You have full visibility over your clients' Division 296 tax projections. The system automatically calculates total earnings and tracks them against legislative thresholds.\"}]},{\"type\":\"ul\",\"children\":[{\"type\":\"li\",\"children\":[{\"type\":\"lic\",\"children\":[{\"text\":\"Project thresholds:\",\"bold\":true},{\"text\":\" You can view the primary $3 million and secondary $10 million thresholds on the Rates and Thresholds page in Xtools+. These index automatically to the November Consumer Price Index using $150,000 and $500,000 increments.\"}]}]},{\"type\":\"li\",\"children\":[{\"type\":\"lic\",\"children\":[{\"text\":\"Calculate total earnings:\",\"bold\":true},{\"text\":\" We automatically calculate total earnings across all accumulation super and account-based pension accounts. The system applies the prescribed adjustment factors for large APRA funds to capital gains earnings. Note that the super projections in the Xtools generally make the \"},{\"text\":\"conservative assumption that the ⅓ capital gains discount does not apply\",\"bold\":true},{\"text\":\", as assets have not been held for at least 12 months. \"}]}]},{\"type\":\"li\",\"children\":[{\"type\":\"lic\",\"children\":[{\"text\":\"Identify liability dates:\",\"bold\":true},{\"text\":\" You can track exactly when your clients become liable for the tax.\"}]}]}]},{\"type\":\"h2\",\"children\":[{\"text\":\"Limits and Thresholds Display\",\"bold\":true}]},{\"type\":\"p\",\"children\":[{\"text\":\"You can see details of the Division 296 calculations at the bottom of the Limits and Thresholds Display page at Display > Individual > Super > Client > Limits and Thresholds. \"}]},{\"type\":\"p\",\"children\":[{\"text\":\"The hyperlink shown below the header shows you the financial year in which we calculate your client first becomes liable for the tax, as well as the option applied regarding payment of the tax. \"}]},{\"type\":\"p\",\"children\":[{\"text\":\"The calculations apply the \"},{\"text\":\"“higher of” rule for total super balance\",\"bold\":true},{\"text\":\", which prevents individuals from making large temporary withdrawals just before June 30 to dodge the tax. This includes th\"},{\"text\":\"e special transitional rule for 2026\\\/27,\",\"bold\":true},{\"text\":\" which uses only the closing total super balance for that financial year.\"}]},{\"type\":\"p\",\"children\":[{\"text\":\"In Xtools+, the \"},{\"text\":\"\\\"prescribed adjustment factors\\\" for Large APRA Funds \",\"bold\":true},{\"text\":\"are applied to Superfund 1 and Superfund 2 in the row > Percentage Assessable for Retail Funds. Note that when you override the 100% percentage of capital gains that are generally assessable for Retail Taxed Super funds, this is applied before the prescribed adjustment factors.\"}]},{\"type\":\"rich_embed_card\",\"children\":[{\"text\":\"\"}],\"dataSourceType\":\"image\",\"url\":\"https:\\\/\\\/us.v-cdn.net\\\/6038637\\\/uploads\\\/XWXYE0NT63S6\\\/image-9986d0374a1358-5b71.png\",\"embedData\":{\"url\":\"https:\\\/\\\/us.v-cdn.net\\\/6038637\\\/uploads\\\/XWXYE0NT63S6\\\/image-9986d0374a1358-5b71.png\",\"name\":\"image-9986d0374a1358-5b71.png\",\"type\":\"image\\\/png\",\"size\":661039,\"width\":2048,\"height\":924,\"displaySize\":\"large\",\"float\":\"none\",\"downloadUrl\":\"https:\\\/\\\/community.iress.com\\\/api\\\/v2\\\/media\\\/download-by-url?url=https%3A%2F%2Fus.v-cdn.net%2F6038637%2Fuploads%2FXWXYE0NT63S6%2Fimage-9986d0374a1358-5b71.png\",\"active\":true,\"mediaID\":18871,\"dateInserted\":\"2026-06-25T22:42:22+00:00\",\"insertUserID\":24557,\"foreignType\":\"embed\",\"foreignID\":\"24557\",\"embedType\":\"image\"}},{\"type\":\"h2\",\"children\":[{\"text\":\"Controlling cashflow and release from super\",\"bold\":true}]},{\"type\":\"p\",\"children\":[{\"text\":\"You can control exactly how the tax impacts your client's projected balances. \"}]},{\"type\":\"ul\",\"children\":[{\"type\":\"li\",\"children\":[{\"type\":\"lic\",\"children\":[{\"text\":\"Timing:\",\"bold\":true},{\"text\":\" The system calculates the tax from 1 July 2026 and includes the first Div 296 liability in projections at the end of the 2026\\\/27 financial year.\"}]}]},{\"type\":\"li\",\"children\":[{\"type\":\"lic\",\"children\":[{\"text\":\"Included as an expense:\",\"bold\":true},{\"text\":\" By default, the system includes the calculated tax in your client's cashflow as an expense.\"}]}]},{\"type\":\"li\",\"children\":[{\"type\":\"lic\",\"children\":[{\"text\":\"Release from super:\",\"bold\":true},{\"text\":\" You have the option to fund the tax liability directly from the projected balance of Superfund 1, Superfund 2 (including Untaxed) or SMSF accumulation accounts. You can choose prorata, which apportions the tax according to total super balance or to select one particular fund for it to be deducted from first. You cannot show the tax being deducted from account-based pension accounts.\"}]}]},{\"type\":\"li\",\"children\":[{\"type\":\"lic\",\"children\":[{\"text\":\"Adjust settings:\",\"bold\":true},{\"text\":\" You can manage these deduction settings by clicking the popup hyperlink at Individual> Input > Super > Client\\\/Partner > EOP Transactions > Release of Tax, as shown below:\"}]}]}]},{\"type\":\"rich_embed_card\",\"children\":[{\"text\":\"\"}],\"dataSourceType\":\"image\",\"url\":\"https:\\\/\\\/us.v-cdn.net\\\/6038637\\\/uploads\\\/RPG1FN0NXAMY\\\/image-cf6101f80ba3a8-1e62.png\",\"embedData\":{\"url\":\"https:\\\/\\\/us.v-cdn.net\\\/6038637\\\/uploads\\\/RPG1FN0NXAMY\\\/image-cf6101f80ba3a8-1e62.png\",\"name\":\"image-cf6101f80ba3a8-1e62.png\",\"type\":\"image\\\/png\",\"size\":270204,\"width\":1702,\"height\":1083,\"displaySize\":\"large\",\"float\":\"none\",\"downloadUrl\":\"https:\\\/\\\/community.iress.com\\\/api\\\/v2\\\/media\\\/download-by-url?url=https%3A%2F%2Fus.v-cdn.net%2F6038637%2Fuploads%2FRPG1FN0NXAMY%2Fimage-cf6101f80ba3a8-1e62.png\",\"active\":true,\"mediaID\":18872,\"dateInserted\":\"2026-06-25T22:42:50+00:00\",\"insertUserID\":24557,\"foreignType\":\"embed\",\"foreignID\":\"24557\",\"embedType\":\"image\"}},{\"type\":\"p\",\"children\":[{\"text\":\"You can also change the settings from many other pages, including: \"}]},{\"type\":\"ul\",\"children\":[{\"type\":\"li\",\"children\":[{\"type\":\"lic\",\"children\":[{\"text\":\"Input > Individual > Superannuation > Client\\\/Partner > Regular CCs > Taxes\"}]}]},{\"type\":\"li\",\"children\":[{\"type\":\"lic\",\"children\":[{\"text\":\"Display > Individual > Cashflow > Cashflow Consolidated \"}]}]},{\"type\":\"li\",\"children\":[{\"type\":\"lic\",\"children\":[{\"text\":\"Display > Individual > Cashflow > Taxation\"}]}]},{\"type\":\"li\",\"children\":[{\"type\":\"lic\",\"children\":[{\"text\":\"Display > Individual > Superannuation > Client\\\/Partner > Limits & Thresholds\"}]}]},{\"type\":\"li\",\"children\":[{\"type\":\"lic\",\"children\":[{\"text\":\"Display > SMSF > Cashflow > Cashflow Consolidated \"}]}]},{\"type\":\"li\",\"children\":[{\"type\":\"lic\",\"children\":[{\"text\":\"Display > SMSF > Assets > Working Cash Account\"}]}]}]},{\"type\":\"rich_embed_card\",\"children\":[{\"text\":\"\"}],\"dataSourceType\":\"image\",\"url\":\"https:\\\/\\\/us.v-cdn.net\\\/6038637\\\/uploads\\\/UQVTQQ0UXANP\\\/image-0965ba8832e348-b4e9.png\",\"embedData\":{\"url\":\"https:\\\/\\\/us.v-cdn.net\\\/6038637\\\/uploads\\\/UQVTQQ0UXANP\\\/image-0965ba8832e348-b4e9.png\",\"name\":\"image-0965ba8832e348-b4e9.png\",\"type\":\"image\\\/png\",\"size\":273053,\"width\":1933,\"height\":925,\"displaySize\":\"large\",\"float\":\"none\",\"downloadUrl\":\"https:\\\/\\\/community.iress.com\\\/api\\\/v2\\\/media\\\/download-by-url?url=https%3A%2F%2Fus.v-cdn.net%2F6038637%2Fuploads%2FUQVTQQ0UXANP%2Fimage-0965ba8832e348-b4e9.png\",\"active\":true,\"mediaID\":18873,\"dateInserted\":\"2026-06-25T22:43:07+00:00\",\"insertUserID\":24557,\"foreignType\":\"embed\",\"foreignID\":\"24557\",\"embedType\":\"image\"}},{\"type\":\"h2\",\"children\":[{\"text\":\"Impact on Total Super Balance\",\"bold\":true}]},{\"type\":\"p\",\"children\":[{\"text\":\"Total Super Balance is calculated at the top of Display> Individual > Superannuation > Client\\\/Partner > Limits & Thresholds. \"}]},{\"type\":\"p\",\"children\":[{\"text\":\"As noted earlier, the system includes the Div 296 liability in projections at the end of the applicable financial year and deducts it from cashflow by default.\"}]},{\"type\":\"p\",\"children\":[{\"text\":\"When you set the Div 296 to be paid from superannuation, the release amounts are added back to the calculated Total Super Balance, so the Div 296 tax calculations in the next year is based on a realistic balance.\"}]},{\"type\":\"rich_embed_card\",\"children\":[{\"text\":\"\"}],\"dataSourceType\":\"image\",\"url\":\"https:\\\/\\\/us.v-cdn.net\\\/6038637\\\/uploads\\\/DCK1PDD5DC6V\\\/image-11cfce1efdeb08-4166.png\",\"embedData\":{\"url\":\"https:\\\/\\\/us.v-cdn.net\\\/6038637\\\/uploads\\\/DCK1PDD5DC6V\\\/image-11cfce1efdeb08-4166.png\",\"name\":\"image-11cfce1efdeb08-4166.png\",\"type\":\"image\\\/png\",\"size\":251072,\"width\":2048,\"height\":470,\"displaySize\":\"large\",\"float\":\"none\",\"downloadUrl\":\"https:\\\/\\\/community.iress.com\\\/api\\\/v2\\\/media\\\/download-by-url?url=https%3A%2F%2Fus.v-cdn.net%2F6038637%2Fuploads%2FDCK1PDD5DC6V%2Fimage-11cfce1efdeb08-4166.png\",\"active\":true,\"mediaID\":18874,\"dateInserted\":\"2026-06-25T22:43:26+00:00\",\"insertUserID\":24557,\"foreignType\":\"embed\",\"foreignID\":\"24557\",\"embedType\":\"image\"}},{\"type\":\"h2\",\"children\":[{\"text\":\"Applying exemptions and exclusions\",\"bold\":true}]},{\"type\":\"p\",\"children\":[{\"text\":\"You can tailor the calculations to fit your clients' unique circumstances and switch off the tax entirely for specific accounts.\"}]},{\"type\":\"h3\",\"children\":[{\"text\":\"Turn off the tax \",\"bold\":true}]},{\"type\":\"p\",\"children\":[{\"text\":\"You can use a toggle to turn off the tax completely for clients who are exempt, such as those holding a \"},{\"text\":\"child allocated pension\",\"bold\":true},{\"text\":\" or who have received a \"},{\"text\":\"structured settlement\",\"bold\":true},{\"text\":\" and made a personal injury contribution.\"}]},{\"type\":\"p\",\"children\":[{\"text\":\"To turn off the tax, set Div 296 Tax Applies to No. \"}]},{\"type\":\"p\",\"children\":[{\"text\":\"This input can be accessed in the various screens noted above under Controlling cashflow and deductions. \"}]},{\"type\":\"p\",\"children\":[{\"text\":\"Below we see the screen for Input > Individual > Super > Client > Regular CCs.\"}]},{\"type\":\"rich_embed_card\",\"children\":[{\"text\":\"\"}],\"dataSourceType\":\"image\",\"url\":\"https:\\\/\\\/us.v-cdn.net\\\/6038637\\\/uploads\\\/LLAXTNCBTN2Q\\\/image-d0b26cb00fad78-d348.png\",\"embedData\":{\"url\":\"https:\\\/\\\/us.v-cdn.net\\\/6038637\\\/uploads\\\/LLAXTNCBTN2Q\\\/image-d0b26cb00fad78-d348.png\",\"name\":\"image-d0b26cb00fad78-d348.png\",\"type\":\"image\\\/png\",\"size\":104827,\"width\":787,\"height\":640,\"displaySize\":\"large\",\"float\":\"none\",\"downloadUrl\":\"https:\\\/\\\/community.iress.com\\\/api\\\/v2\\\/media\\\/download-by-url?url=https%3A%2F%2Fus.v-cdn.net%2F6038637%2Fuploads%2FLLAXTNCBTN2Q%2Fimage-d0b26cb00fad78-d348.png\",\"active\":true,\"mediaID\":18875,\"dateInserted\":\"2026-06-25T22:44:09+00:00\",\"insertUserID\":24557,\"foreignType\":\"embed\",\"foreignID\":\"24557\",\"embedType\":\"image\"}},{\"type\":\"h3\",\"children\":[{\"text\":\"Exclude untaxed earnings for state higher level office holders\",\"bold\":true}]},{\"type\":\"p\",\"children\":[{\"text\":\"If your client is a state higher level office holder with an untaxed fund, you can apply special Division 296 treatment to exclude the earnings from the untaxed fund from the calculation of Division 296 tax. Note that the balance of the Untaxed Fund will still be included when calculating Total Superannuation Balance for the Division 296 calculations.\"}]},{\"type\":\"p\",\"children\":[{\"text\":\"You can find the setting at Input > Super > Client\\\/Partner > Accounts under the heading for the Superfund 2, provided the Plan Type is set to Untaxed. To apply the setting, set it to Yes.\"}]},{\"type\":\"rich_embed_card\",\"children\":[{\"text\":\"\"}],\"dataSourceType\":\"image\",\"url\":\"https:\\\/\\\/us.v-cdn.net\\\/6038637\\\/uploads\\\/4PSHUD742C4R\\\/image-5a7f01ebc691d8-3e82.png\",\"embedData\":{\"url\":\"https:\\\/\\\/us.v-cdn.net\\\/6038637\\\/uploads\\\/4PSHUD742C4R\\\/image-5a7f01ebc691d8-3e82.png\",\"name\":\"image-5a7f01ebc691d8-3e82.png\",\"type\":\"image\\\/png\",\"size\":88468,\"width\":1386,\"height\":429,\"displaySize\":\"large\",\"float\":\"none\",\"downloadUrl\":\"https:\\\/\\\/community.iress.com\\\/api\\\/v2\\\/media\\\/download-by-url?url=https%3A%2F%2Fus.v-cdn.net%2F6038637%2Fuploads%2F4PSHUD742C4R%2Fimage-5a7f01ebc691d8-3e82.png\",\"active\":true,\"mediaID\":18876,\"dateInserted\":\"2026-06-25T22:45:32+00:00\",\"insertUserID\":24557,\"foreignType\":\"embed\",\"foreignID\":\"24557\",\"embedType\":\"image\"}},{\"type\":\"h2\",\"children\":[{\"text\":\"The SMSF Cost Base Reset Election \",\"bold\":true}]},{\"type\":\"p\",\"children\":[{\"text\":\"The \\\"cost base reset\\\" is a transitional mechanism designed to ensure that the Division 296 tax only applies to SMSF capital gains made \"},{\"text\":\"after 1 July 2026\",\"bold\":true},{\"text\":\". For Division 296 purposes only, a SMSF trustee can choose to treat the \\\"cost\\\" of an asset as its \"},{\"text\":\"Market Value on 30 June 2026\",\"bold\":true},{\"text\":\". If you make the election, it applies to \"},{\"text\":\"every CGT asset\",\"bold\":true},{\"text\":\" held by the fund on 30 June 2026 (shares, property, etc.). The election must be made with the fund's \"},{\"text\":\"2026–27 tax return\",\"bold\":true},{\"text\":\".\"}]},{\"type\":\"p\",\"children\":[{\"text\":\"A Cost Base Reset setting has been included in Xtools+ so you can evaluate the impact of making the election, or not. The setting is accessible from the new SMSF Key Details screen shown below. \"}]},{\"type\":\"rich_embed_card\",\"children\":[{\"text\":\"\"}],\"dataSourceType\":\"image\",\"url\":\"https:\\\/\\\/us.v-cdn.net\\\/6038637\\\/uploads\\\/Q1PQN2KU85IU\\\/image-ba06a0ec37e36-ebcf.png\",\"embedData\":{\"url\":\"https:\\\/\\\/us.v-cdn.net\\\/6038637\\\/uploads\\\/Q1PQN2KU85IU\\\/image-ba06a0ec37e36-ebcf.png\",\"name\":\"image-ba06a0ec37e36-ebcf.png\",\"type\":\"image\\\/png\",\"size\":34482,\"width\":858,\"height\":241,\"displaySize\":\"large\",\"float\":\"none\",\"downloadUrl\":\"https:\\\/\\\/community.iress.com\\\/api\\\/v2\\\/media\\\/download-by-url?url=https%3A%2F%2Fus.v-cdn.net%2F6038637%2Fuploads%2FQ1PQN2KU85IU%2Fimage-ba06a0ec37e36-ebcf.png\",\"active\":true,\"mediaID\":18877,\"dateInserted\":\"2026-06-25T22:45:50+00:00\",\"insertUserID\":24557,\"foreignType\":\"embed\",\"foreignID\":\"24557\",\"embedType\":\"image\"}},{\"type\":\"p\",\"children\":[{\"text\":\"The setting is also accessible from Input > SMSF Admin > Assets Financial Holdings AND > Property.\"}]},{\"type\":\"rich_embed_card\",\"children\":[{\"text\":\"\"}],\"dataSourceType\":\"image\",\"url\":\"https:\\\/\\\/us.v-cdn.net\\\/6038637\\\/uploads\\\/MMJM75Y6WY1J\\\/image-d45f398a723b78-c008.png\",\"embedData\":{\"url\":\"https:\\\/\\\/us.v-cdn.net\\\/6038637\\\/uploads\\\/MMJM75Y6WY1J\\\/image-d45f398a723b78-c008.png\",\"name\":\"image-d45f398a723b78-c008.png\",\"type\":\"image\\\/png\",\"size\":62968,\"width\":1018,\"height\":391,\"displaySize\":\"large\",\"float\":\"none\",\"downloadUrl\":\"https:\\\/\\\/community.iress.com\\\/api\\\/v2\\\/media\\\/download-by-url?url=https%3A%2F%2Fus.v-cdn.net%2F6038637%2Fuploads%2FMMJM75Y6WY1J%2Fimage-d45f398a723b78-c008.png\",\"active\":true,\"mediaID\":18878,\"dateInserted\":\"2026-06-25T22:46:00+00:00\",\"insertUserID\":24557,\"foreignType\":\"embed\",\"foreignID\":\"24557\",\"embedType\":\"image\"}},{\"type\":\"p\",\"children\":[{\"text\":\"For projections starting on or before 1 July 2026, the system automatically calculates the 1 July 2026 cost base using your clients' SMSF asset balances. \"}]},{\"type\":\"p\",\"children\":[{\"text\":\"For projections starting after 1 July 2026, you can manually enter the specific Division 296 cost base for each individual SMSF asset or property.\"}]},{\"type\":\"p\",\"children\":[{\"text\":\"The input for the cost base reset election can also be accessed in most of the screens and pop-ups noted above under Controlling cashflow and deductions. \"}]},{\"type\":\"h2\",\"children\":[{\"text\":\"Detailed calculations for SMSF Division 296 earnings\",\"bold\":true}]},{\"type\":\"p\",\"children\":[{\"text\":\"You can see the apportionment of SMSF Division 296 earnings as well as the Division 296 capital gains tax calculations at the bottom of the SMSF Taxation Display i.e. Display > SMSF Admin > Cashflow > Taxation. \"}]},{\"type\":\"p\",\"children\":[{\"text\":\"SMSF Division 296 earnings are apportioned using its account balances after all of the SOP transactions.\"}]},{\"type\":\"p\",\"children\":[{\"text\":\"Below we see an example where the Cost Base Reset election has been applied. The general capital gains tax calculation for the SMSF is shown under Income.\"}]},{\"type\":\"rich_embed_card\",\"children\":[{\"text\":\"\"}],\"dataSourceType\":\"image\",\"url\":\"https:\\\/\\\/us.v-cdn.net\\\/6038637\\\/uploads\\\/RHGFWQADOFLY\\\/image-b5b976f1605278-40a2.png\",\"embedData\":{\"url\":\"https:\\\/\\\/us.v-cdn.net\\\/6038637\\\/uploads\\\/RHGFWQADOFLY\\\/image-b5b976f1605278-40a2.png\",\"name\":\"image-b5b976f1605278-40a2.png\",\"type\":\"image\\\/png\",\"size\":99576,\"width\":1243,\"height\":513,\"displaySize\":\"large\",\"float\":\"none\",\"downloadUrl\":\"https:\\\/\\\/community.iress.com\\\/api\\\/v2\\\/media\\\/download-by-url?url=https%3A%2F%2Fus.v-cdn.net%2F6038637%2Fuploads%2FRHGFWQADOFLY%2Fimage-b5b976f1605278-40a2.png\",\"active\":true,\"mediaID\":18879,\"dateInserted\":\"2026-06-25T22:46:24+00:00\",\"insertUserID\":24557,\"foreignType\":\"embed\",\"foreignID\":\"24557\",\"embedType\":\"image\"}},{\"type\":\"p\",\"children\":[{\"text\":\"The capital gains portion of the SMSF Division 296 earnings are calculated differently using the 1 July 2026 asset balances as a cost base when the cost base reset election has been applied. \"}]},{\"type\":\"p\",\"children\":[{\"text\":\"In this example we can see the special treatment of Division 296 capital losses. The Explanatory Memorandum to Treasury Laws Amendment (Building a Stronger and Fairer Super System) Bill 2026 noted that: \"}]},{\"type\":\"blockquote\",\"children\":[{\"type\":\"blockquote-line\",\"children\":[{\"text\":\"“The additional use of capital losses only applies to the calculation of the net capital gain for Division 296 purposes for that income year. In other words, in the following income year, the fund will still have available its usual balance of carried forward capital losses to be applied in working out its net capital gain, including for Division 296 purposes”. \",\"italic\":true}]}]},{\"type\":\"p\",\"children\":[{\"text\":\"Therefore in this case, the Division 296 capital loss realised in 2026\\\/27 ($100,070) can only be used to offset Division 296 capital gains in the same financial year. Since no other Division 296 capital gains were realised in that financial year to use it up, the $100,070 remains unused and cannot be carried forward. \"}]},{\"type\":\"p\",\"children\":[{\"text\":\"When the SMSF realises a Division 296 capital gain in 2027\\\/28, the usual balance of carried forward capital losses (the general capital loss of $200,070, realised in 2026\\\/27) offsets the Division 296 capital gain. \"}]},{\"type\":\"rich_embed_card\",\"children\":[{\"text\":\"\"}],\"dataSourceType\":\"image\",\"url\":\"https:\\\/\\\/us.v-cdn.net\\\/6038637\\\/uploads\\\/DX24JEP4KHIY\\\/image-74c6a3749b72b-51c9.png\",\"embedData\":{\"url\":\"https:\\\/\\\/us.v-cdn.net\\\/6038637\\\/uploads\\\/DX24JEP4KHIY\\\/image-74c6a3749b72b-51c9.png\",\"name\":\"image-74c6a3749b72b-51c9.png\",\"type\":\"image\\\/png\",\"size\":149978,\"width\":1261,\"height\":843,\"displaySize\":\"large\",\"float\":\"none\",\"downloadUrl\":\"https:\\\/\\\/community.iress.com\\\/api\\\/v2\\\/media\\\/download-by-url?url=https%3A%2F%2Fus.v-cdn.net%2F6038637%2Fuploads%2FDX24JEP4KHIY%2Fimage-74c6a3749b72b-51c9.png\",\"active\":true,\"mediaID\":18880,\"dateInserted\":\"2026-06-25T22:47:08+00:00\",\"insertUserID\":24557,\"foreignType\":\"embed\",\"foreignID\":\"24557\",\"embedType\":\"image\"}},{\"type\":\"h2\",\"children\":[{\"text\":\"Deciding whether to apply the Cost Base Reset Election\",\"bold\":true}]},{\"type\":\"p\",\"children\":[{\"text\":\"You can see how the SMSF Division 296 earnings affect the individual’s Division 296 liability at Display > Individual > Superannuation > Client\\\/Partner > Limits & Thresholds. \"}]},{\"type\":\"p\",\"children\":[{\"text\":\"In the following case we see that Income earnings included from the Perfect Super SMSF starts from $65,987 in 2026\\\/27 and the capital gains assessed are generally Nil, except for 2027\\\/28, when capital gains of $968,150 are included and Bob’s Division 296 tax liability increases from $6,787 in 2026\\\/27 to $106,474 in 2027\\\/28.\"}]},{\"type\":\"rich_embed_card\",\"children\":[{\"text\":\"\"}],\"dataSourceType\":\"image\",\"url\":\"https:\\\/\\\/us.v-cdn.net\\\/6038637\\\/uploads\\\/77MG0ULE4F3L\\\/image-0eec59ac784908-2766.png\",\"embedData\":{\"url\":\"https:\\\/\\\/us.v-cdn.net\\\/6038637\\\/uploads\\\/77MG0ULE4F3L\\\/image-0eec59ac784908-2766.png\",\"name\":\"image-0eec59ac784908-2766.png\",\"type\":\"image\\\/png\",\"size\":153051,\"width\":1288,\"height\":595,\"displaySize\":\"large\",\"float\":\"none\",\"downloadUrl\":\"https:\\\/\\\/community.iress.com\\\/api\\\/v2\\\/media\\\/download-by-url?url=https%3A%2F%2Fus.v-cdn.net%2F6038637%2Fuploads%2F77MG0ULE4F3L%2Fimage-0eec59ac784908-2766.png\",\"active\":true,\"mediaID\":18881,\"dateInserted\":\"2026-06-25T22:47:21+00:00\",\"insertUserID\":24557,\"foreignType\":\"embed\",\"foreignID\":\"24557\",\"embedType\":\"image\"}},{\"type\":\"p\",\"children\":[{\"text\":\"You can click the hyperlink below the Div 296 heading to toggle the Cost Base Reset option or deduct the tax from Super. \"}]},{\"type\":\"p\",\"children\":[{\"text\":\"When we turn off the Cost Base Reset election, the capital gain for 2027\\\/28 increases to $2,043,633 and Bob’s Division 296 tax increases to $217, 086.\"}]},{\"type\":\"rich_embed_card\",\"children\":[{\"text\":\"\"}],\"dataSourceType\":\"image\",\"url\":\"https:\\\/\\\/us.v-cdn.net\\\/6038637\\\/uploads\\\/B76ACP5KNAAH\\\/image-c93ed9d1f364b-6cef.png\",\"embedData\":{\"url\":\"https:\\\/\\\/us.v-cdn.net\\\/6038637\\\/uploads\\\/B76ACP5KNAAH\\\/image-c93ed9d1f364b-6cef.png\",\"name\":\"image-c93ed9d1f364b-6cef.png\",\"type\":\"image\\\/png\",\"size\":162535,\"width\":1413,\"height\":616,\"displaySize\":\"large\",\"float\":\"none\",\"downloadUrl\":\"https:\\\/\\\/community.iress.com\\\/api\\\/v2\\\/media\\\/download-by-url?url=https%3A%2F%2Fus.v-cdn.net%2F6038637%2Fuploads%2FB76ACP5KNAAH%2Fimage-c93ed9d1f364b-6cef.png\",\"active\":true,\"mediaID\":18882,\"dateInserted\":\"2026-06-25T22:47:32+00:00\",\"insertUserID\":24557,\"foreignType\":\"embed\",\"foreignID\":\"24557\",\"embedType\":\"image\"}},{\"type\":\"h2\",\"children\":[{\"text\":\"Xmerge Codes\",\"bold\":true}]},{\"type\":\"p\",\"children\":[{\"text\":\"You can code your documents to include \"},{\"text\":\"Division 296 \",\"italic\":true},{\"text\":\"recommendations and outputs by using the \"},{\"text\":\"Xmerge Codes\",\"italic\":true},{\"text\":\" available for these new features. \"}]},{\"type\":\"p\",\"children\":[{\"text\":\"The codes are collated in the \"},{\"type\":\"a\",\"url\":\"https:\\\/\\\/community.iress.com\\\/ic\\\/discussion\\\/102929\\\/calm-division-296-xmerge-codes\",\"target\":\"_blank\",\"children\":[{\"text\":\"Xmerge Library.\",\"bold\":true}]},{\"text\":\"\"}]},{\"type\":\"h2\",\"children\":[{\"text\":\"Future updates\",\"bold\":true}]},{\"type\":\"ul\",\"children\":[{\"type\":\"li\",\"children\":[{\"type\":\"lic\",\"children\":[{\"text\":\"Refined calculations: \",\"bold\":true},{\"text\":\"These will incorporate the treatment of defined benefit interests, following clarification on family law valuation factors.\"}]}]},{\"type\":\"li\",\"children\":[{\"type\":\"lic\",\"children\":[{\"text\":\"Whole of Wealth reporting:\",\"bold\":true},{\"text\":\" New capabilities to compare tax outcomes across different entities will be introduced.\"}]}]}]},{\"type\":\"h2\",\"children\":[{\"text\":\"Sharing your feedback \",\"bold\":true}]},{\"type\":\"p\",\"children\":[{\"text\":\"We are committed to developing tools that align with your workflow and highly value your insights.\"}]},{\"type\":\"p\",\"children\":[{\"text\":\"Should you have any questions about this Xtools+\"},{\"italic\":true,\"text\":\" \"},{\"text\":\"update, please don't hesitate to reach out to us. You can contact our Help Desk at 1300 1300 69, speak directly with your Relationship Manager, or use \"},{\"type\":\"a\",\"url\":\"https:\\\/\\\/iress-connect.atlassian.net\\\/servicedesk\\\/customer\\\/portals\",\"target\":\"_blank\",\"children\":[{\"text\":\"Xtools Connect\",\"bold\":true}]},{\"text\":\".\\n\\n🔔 Select the Division 296 tag below and click the 'Follow' button to be notified of future updates.\",\"bold\":true}]}]","format":"rich2","dateInserted":"2026-06-25T22:49:26+00:00","insertUser":{"userID":2808,"name":"lana.graham","url":"https:\/\/community.iress.com\/ic\/profile\/lana.graham","photoUrl":"https:\/\/us.v-cdn.net\/6038637\/uploads\/userpics\/7PVND6864CTT\/nI8MV9OUW9YAQ.jpg","dateLastActive":"2026-07-22T05:26:44+00:00","banned":0,"punished":0,"private":false,"label":"staff","labelHtml":"staff","rankID":100},"displayOptions":{"showUserLabel":false,"showCompactUserInfo":true,"showDiscussionLink":true,"showPostLink":true,"showCategoryLink":false,"renderFullContent":false,"expandByDefault":false},"url":"https:\/\/community.iress.com\/ic\/discussion\/102931\/xtools-division-296-release-information-and-user-guide","embedType":"quote","name":"Xtools+ Division 296: Release information and user guide","embedStyle":"rich_embed_card"}"> https://community.iress.com/ic/discussion/102931/xtools-division-296-release-information-and-user-guide

🤓 Xplan Hint: Other SMSF members

courtney.youngblutt — Sat, 25 Jul 2026 01:33:24 +0000

Wondering how to enter details for other SMSF members? We’ve made it easier and more intuitive.
Financial planners and paraplanners told us that navigating around to find inputs for additional SMSF members was clunky. This change optimises the navigation so you can manage all of the inputs for Other SMSF members from a single area without any screen-hopping.
The inputs for 'Other' members are now located in two dedicated screens within the SMSF Admin section:
To update Other member balances, navigate to Input > SMSF Admin > Key Details.
To manage Other member contributions, navigate to Input > SMSF Admin > Cashflow > Other Member Contributions.
Release information and user guide

🤓 Xplan Hint: Archiving Client Notes Using Tags

courtney.youngblutt — Sat, 11 Jul 2026 02:10:45 +0000

Did you know you can use the note tagging feature in Xplan to build a functional archive system that removes historical clutter from a client's note page?
Why? Over several years, a client's file accumulates hundreds of automated email logs, system notifications and old task records. This volume of data makes it difficult for advisers to find recent, important files.
How it works:
Step 1: Have your admin add an "Archived" tag to the Note group in Field Definitions.
Step 2: On your client notes screen, filter out this tag using the Exclude Tags option, then save this as your default view.
Step 3: Create a separate saved search with the "Archived" tag selected whenever you need to dig up old records.
🔥 Level Up: Ask your admin to configure a Filter View for the Xplan notes element. This splits your interface into distinct sections so active and archived notes never mix.
See other ways to implement tagging here: A guide to tagging your Document Notes

🤓 Xplan Hint: Recording AML/CTF Risk Ratings

courtney.youngblutt — Wed, 17 Jun 2026 21:58:05 +0000

Did you know Xplan now includes a native AML/CTF Risk Rating workspace to help you manage the latest AUSTRAC outcome-based reforms and NZ mandates?
Why? Compliance reporting often means digging through old file notes or jumping between different screens. This update centralises that data directly within the client record. It lets you capture standard risk levels, moving your practice away from fragmented, manual workarounds and into a structured framework designed to turn complex regulatory demands into a streamlined, high-visibility part of your client management.
How? Once active, navigate to a client record and open the Key Details menu, then select the AML/CTF screen.
From here, you can:
Record a formal risk status (Low, Medium, or High).
Link the assessment straight to a specific Document Note containing your rationale.
The system then automatically snapshots the entry into a non-editable log for regulatory audits.
Because this data integrates with Xmerge and Advanced Search, you can pull an instant AML Register whenever you need it.
Read our feature overview here:
Streamlined compliance with native AML/CTF risk ratings in Xplan
💡Your site administrator will need to turn this on by enabling the View & Edit AML/CTF Risk Rating user capability.
To streamline things further for your team, you can use Managed Field Content to create a selection of pre-determined rationales. This keeps the data entry consistent across the entire practice and saves you from typing out the same compliance wording every time.

🤓 Xplan Hint: Tracking Super Contributions

andrew.wilson.0 — Mon, 01 Dec 2025 04:37:44 +0000

Did you know that there is an element that summarises Super Contributions. It gives you a clear and consolidated view of your client's superannuation contributions, making tracking and compliance easier than ever.

Key Features at a Glance
Tracking: The element calculates the total sum of concessional (CCs) and non-concessional contributions (NCCs) for each financial year.
Historical Data: Contribution tracking starts from the 2018/2019 financial year onwards.
How the Data is Calculated
The contribution figures are calculated based on the data entered in the Contributions tab within the superannuation plans.

Flexibility and Compliance Details
Manual Overrides: You have the option to manually override the calculated figures for both CCs and NCCs if needed. This is done via the Edit screen for the specific financial year. While in the Edit screen you can also capture:
Total Super Balance (TSB)
Refunded Excess CCs
Refunded Excess NCCs

Notes and Document linking
You can link a Note to easily consolidate all relevant documents/statements for each financial year's contributions in one place, which helps keep all relevant information organized.

Xtools/Xtools+ Contribution Cap Calculations
From Xplan version 25.11.466, the Contribution Summary element in Client Focus now automatically calculates your client's Personal Concessional and Non Concessional Cap data. And you can import data to the following Xtools: Xtools+, Optimiser, Retirement Funding, TTRAP, Lifestyle Goals.
Cap Calculations
Xplan calculates your client's Personal Concessional and Non-Concessional Cap data by leveraging the existing Contribution Summary information.
Concessional Contributions (CCs): The system will calculate your client's unused and used concessional cap for each financial year, using previous eligibility for the carry-forward rule.
Non-Concessional Contributions (NCCs): The system will determine the financial year in which your client has triggered the bring-forward rule.
If you can't see the Contribution Summary on your Xplan site, reach out to your site administrator to have it added to the interface.
💡 For more information refer to this Community article

🤓 Xplan Hint: Risk Researcher Merge Syntax

courtney.youngblutt — Mon, 06 Jul 2026 06:49:53 +0000

Did you know that we just launched a full Risk Researcher Merge Syntax library directly within Risk Researcher itself under Scenarios > Tools > Merge Syntax.
We wanted to reduce the time you spent switching between tools or referencing external documentation to build templates. You can now find, copy, and run scenario syntax efficiently in one centralised location. Creating customised, data-rich templates is faster and more intuitive than ever.
🛡️ In-Scenario Access: The Merge Syntax page is built within a client scenario, allowing you to generate and review syntax on the fly.
🛡️ Comprehensive Coverage: The new section covers all available syntax within Risk Researcher such as cover request details and recommendation details. (including specific syntax for our New Zealand clients)

🤓 Xplan Hint: Colour Coding Document Note Tags

courtney.youngblutt — Tue, 23 Jun 2026 21:42:22 +0000

Did you know you can apply colour coding to your Xplan Document Note tags to turn them into visual cues instead of plain text?

Why? Practices use tags to categorise client correspondence, compliance documents and advice files. When tags are just text, they blend into the background screen. Colour coding makes your core tracking indicators stand out immediately when viewing a client's history, which reduces the time spent skimming notes.

How? Navigate to System Settings > Client Focus > Document Note > Colour Coding. Change your preference to "Use colour for tags" and select your preferred colour for each tag.
Can't see tags in your client note section? Choose the settings icon and tick to show on screen!
Find out more about note tagging in A guide to tagging your Document Notes.

🤓 Xplan Hint: Relocated Minimum Balance on Reboot

courtney.youngblutt — Sun, 14 Jun 2026 20:25:20 +0000

Did you know the "Minimum Balance on Reboot" setting has been moved out of the "Other Transactions" menu and into the Pension pop-up and EOP Transactions Input screen where it belongs?
Why? Finding this setting used to feel like a game of hide-and-seek. It was buried deep in the menu tree, which added unnecessary friction to what should be a simple step. It’s now been relocated to the Pension input pop-up and the EOP Transactions screen to match the way most people actually build their strategies.
How? Open your Pension input pop-up or the EOP Pension Reboot tab. You can now set the Minimum Balance, choose an indexation rate (the default is 0%), and even set a specific end date for that balance. You also have the option to trigger a "Retirement Sweep" to clear the account to zero once the minimum balance is no longer needed.
Link: https://community.iress.com/ic/discussion/102638/xtools-super-pension-strategies-revisited-release-information
💡Tip If you are modelling a reboot strategy, you can also use the Minimum Balance feature to manage ongoing insurance premiums. Set the Minimum Balance to cover the expected premiums and index it to match. This ensures the fund stays open and funded without you having to manually calculate the retention amount every year. If you’re not modelling a reboot, you can use the Regular Rollovers feature to keep sufficient funds for the insurance premiums.
Does having this in the Pension pop-up save you a few clicks in your daily workflow?

🤓 Xplan Hint: Auto Tagging via Note Templates

courtney.youngblutt — Tue, 09 Jun 2026 21:20:05 +0000

Did you know you can attach tags directly to your Document Note templates so that client notes are automatically categorised the moment a template is used?
Relying on the team to remember to manually add the right tags every time they create a file note or log an email is a recipe for missed data. Automating the process ensures consistent data tracking across the practice without adding extra steps to the daily workflow.
How? Go to the Notes & Documents hub, also known as the Document Library. Look under the Template category and select or edit your chosen Document Note template. Add the relevant tags to the template and save.
When a team member uses this template for a client, the default tags apply automatically, and extra tags can still be added on the fly if needed.
💡 A note can hold up to six tags. Keep your template defaults to two or three core tags so that you still have room to add adhoc, client specific tags as needed.
Learn more here: https://community.iress.com/ic/discussion/5058/note-templates

🤓 Xplan Hint: Optimising Task Hub with Saved Views

courtney.youngblutt — Mon, 08 Jun 2026 00:10:58 +0000

Did you know you can streamline your workflow by saving your preferred Task Hub views, sharing them with your team, and setting a preferred view as the default when the screen loads?
Whether you frequently monitor tasks for specific advisers or manage a collective team workload, saving these views eliminates the need to manually re-apply filters and sorting every day. You can capture your preferences once and access them instantly whenever they are needed.
Learn more about Task Hub and saved views here: Task Hub

🤓 Xplan Hint: How often do you check for unallocated notes?

courtney.youngblutt — Fri, 17 Apr 2026 06:50:05 +0000

Did you know that most Xplan sites I see have hundreds of unallocated notes? 😱
These are the notes that have been added from outside a client record and forgotten to be linked to a client, the forwarded emails that couldn’t find a matching email address or the notes that have been accidentally unlinked from an entity.
Checking for these regularly should be part of every good site administrators routine activities.
🖥️ Hubs > Notes & Documents > Change your List filter = Unallocated > Search
How often do you check for unallocated notes?

I'm hoping you all just checked then - are you game to tell me how many you had? 😬

🤓 Xplan Hint: Why not try a dynamic benchmark?

laura.capozzi — Wed, 10 Dec 2025 03:39:13 +0000

Are you using Benchmark Sets in your Cases? Have you found that sometimes, some benchmarks are simply not applicable or relevant to the client's scenario? For example, why would you complete a Risk Researcher scenario when you are providing advice on a Family Trusts investments only?
You should try Dynamic Benchmarks! These will only activate and append benchmarks that are relevant to the individual client’s scenario. If you have a client who is proceeding with advice and requires a document generated with modelling scenarios, these benchmarks can be configured to only pop up at the time of selecting “client wishes to proceed to advice” in your process and completing an advice discussion file note.
The benefit of using Dynamic Benchmarks over standard Benchmark sets is that you aren't left at the end of your workflow process with a list of incomplete benchmarks which are stopping the case from closing.
To go through an example of a Dynamic Benchmark set up, visit the Iress Community page here: Dynamic Case Benchmark Example - Iress Community
Or to learn more, visit the Iress Learning Centre: Dynamic Benchmarks.

🤓 Xplan Hint: Compare Xtools+ Scenarios

andrew.wilson.0 — Tue, 09 Sep 2025 05:26:53 +0000

Did you know you can visually compare multiple Xtools+ scenarios side-by-side using the Compare Charts function?
When presenting financial strategies, viewing the potential outcomes of different options is key to help make informed decisions. The Xtools+ Compare Charts function is a powerful tool designed for exactly this. Instead of switching between individual scenarios, you can generate a single set of charts that visually contrast the projections, making the impact of your advice immediately clear.
This feature allows you to select any of your Xtools+ (CALM) scenarios and view their projected outcomes, like Net Assets, Cashflow, or Asset Allocation, on the same graph. It’s perfect for viewing 'current position' versus a 'recommended strategy,' or for comparing two different strategic options. By presenting the data this way, you create a compelling and easy to understand narrative for your clients, helping them clearly see the long-term benefits of your recommendations. It simplifies complex information and brings your advice to life in a tangible way.
How to Compare Charts
Navigate to CALM: For your chosen client, go to XTOOLS > XTOOLS+ > CALM. This will show you the list of existing scenarios.
Select Compare Chart: At the top of the list of scenarios, click the Compare Chart button.
Choose the chart you wish to compare: From the left hand menu select the chart you wish to compare
Choose Scenarios: Simply tick the boxes next to the scenarios you wish to compare.
Compare: Click the Compare button.
View Results: The comparison chart is now visible. You can change to other charts by selecting them from the navigation menu on the left.

References
Iress Community - Xtools+
Iress Community - Xtools+ Compare Chart Xmerge

🤓 Xplan Hint: Automated regular rollovers between super accounts

courtney.youngblutt — Wed, 06 May 2026 21:03:52 +0000

Did you know you can now set up automated regular rollovers between super accounts to maintain a specific target balance in Xtools+?
Modelling regular transfers between super accounts used to be quite clunky, requiring you to enter dollar amounts for every single period of a projection. This new feature acts as an automated sweep. It is particularly useful for strategies like the "insurance premium shield," where you want to keep just enough in a secondary fund to cover premiums (e.g. $10,000) while automatically rolling out the surplus at the end of every year.

How?
🚀 Navigate to the Input > Individual > Super > Client/Partner > End of Period (EOP) Transactions screen in Xtools+.
🚀 Select the Regular Rollover tab.
🚀 Set your predefined Target Balance and choose the indexation rate.
🚀 Select the source fund and the primary wealth accumulation vehicle you want to funnel the excess into.

The software will then automatically adjust the rollover amount each year to ensure your target is met while sweeping the rest!

💡 You can use this same logic to manage pension reboots from an untaxed fund. By setting a regular rollover to sweep funds from an untaxed account into a taxed fund (like Superfund 1 or an SMSF) just before the reboot occurs, the pension will pick up those rolled-in funds automatically. It saves you from jumping between screens or doing the manual tax maths yourself.
https:\/\/us.v-cdn.net\/6038637\/uploads\/P4ZQFKB53W3D\/istock-1372988836-iress-tech.jpg<\/a><\/p>
Recently, adviser and former paraplanning manager John Harris shared his feedback after testing our July 2025 Reinvented Super & Pension modelling<\/strong><\/a> release with a complex, \"meaty\" strategy. His verdict? The ability to model a second super account and manage complex rollbacks and contributions is \"1,000% better over previous versions\".<\/p>
However, we also heard loud and clear that the front-end experience added unnecessary 'cognitive load' and workflow friction that got in the way of that strategic power.<\/p>
This Revisited<\/em> update focuses on removing that friction while preserving the strategic power of the engine. Here is a look at the features and UI improvements coming your way, aligned with how you build your strategies.<\/p>
Many of the developments aim to put an end to the 'treasure hunt' for critical settings. We have surfaced buried features and simplified navigation to accelerate your modelling. <\/p>
<\/p>
🚀 Release<\/strong><\/h2>
This update was released Thursday 23 April 2026.<\/strong><\/p>
<\/strong><\/p>
🔎 Contents<\/strong><\/h2>Smarter regular transaction menus<\/a><\/li>
Updated defaults and scenario locking<\/a><\/li>
A new slider replaces the 10-year dropdown<\/a><\/li>
Easier key date modelling<\/a><\/li>
More visible, unified FHSSS & Downsizer options at SOP transactions<\/a><\/li>
Pop-up improvements to end the ‘memory test’<\/a><\/li>
Consolidate super in one screen<\/a><\/li>
Real-world timing for EOP (End of Period) transactions<\/a><\/li>
✨ <\/strong>NEW <\/strong>✨ Automated regular rollovers<\/a><\/li>
No more treasure hunts: Minimum Balance on Reboot is where it belongs<\/a><\/li>
Simplifying pension reboot to an untaxed fund<\/a><\/li>
Get started with Xmerge codes<\/a><\/li>
Share your feedback<\/a><\/li><\/ul>
<\/p>
🛠️ What’s changed?<\/strong><\/h2>Smarter Regular Transaction menus<\/strong><\/h3>
We have removed a header level to provide easier access to Regular Transactions<\/em>. <\/p>
Additionally, the Include in Deficit Allocation<\/em> option has been moved to the Accounts<\/em> tab where it belongs. <\/li>
The confusing View Betty’s<\/em> links are now renamed to Edit Betty’s<\/em> and consistently placed on the right.<\/li>
Pension reboot has moved to the Pension Pop-Up<\/em> and the new EOP Transactions Input<\/em> screen (further information below).<\/li><\/ul>https:\/\/us.v-cdn.net\/6038637\/uploads\/0LMMXH7TNI7S\/image-016f9f5e514da8-4f1b.png<\/a><\/p>
<\/p>
Updated defaults and scenario locking<\/strong><\/h3>
We've updated several default settings to better match the most common user patterns, reducing the need for you to adjust them manually.<\/p>
Working Cash Account (WCA) interest rates:<\/strong> The default interest rate for the WCA, for both Individual<\/em> and SMSF accounts<\/em>, is also changing to 0%<\/strong>. Previously, this was set equal to the return for the first Cash asset in your system settings, which was not always optimal.<\/p>
https:\/\/us.v-cdn.net\/6038637\/uploads\/KM5JG5DVFSEA\/image-8a1fb6e12f22e8-3ec6.png<\/a><\/p>
Regular Super Contribution indexation:<\/strong> The default indexation rate for both Concessional<\/em> and Non-Concessional Contributions<\/em> (NCC) is now 0%<\/strong>. This replaces the previous default of Salary Inflation<\/em>, which users often changed.<\/p>
https:\/\/us.v-cdn.net\/6038637\/uploads\/IS0RJDR9MDFF\/image-afd7474d247e68-c8cf.png<\/a><\/p>
Lock Your Scenarios<\/strong><\/p>
As previously noted, if any of your existing scenarios are still using the old<\/em> system defaults, you must lock your scenarios before close of business 23 April 2026<\/strong> to prevent the values in those scenarios from being reset to zero.<\/p><\/div><\/div>
https:\/\/us.v-cdn.net\/6038637\/uploads\/PT1N9QPUS40U\/image-5bc7344c79fbe-ae2c.png<\/a><\/p>
A new slider replaces the 10-year dropdown <\/strong><\/h3>
The previous 10-year dropdown caused user confusion, as it mistakenly suggested that inputs were limited to a 10-year period, when its actual function was to simply display any selected 10-year period.<\/p>
To resolve this, we've removed the 10-year dropdown entirely from the Pop-ups<\/strong>, SOP Transactions<\/strong>, and Regular Transactions<\/strong> screens and. It has been replaced with a dynamic slider, offering users seamless visibility into the future.<\/p>
https:\/\/us.v-cdn.net\/6038637\/uploads\/HARIBGTG4OB5\/image-5d884934c49a8-a292.png<\/a><\/p>
<\/p>
Easier key date modelling <\/strong><\/h3>
We've added date hyperlinks directly in the Start of Period<\/em> (SOP) (and new End of Period,<\/em> or EOP<\/em>) screens so you can instantly change projection settings without navigating away.<\/p>
In the example below, you can see we’ve used the hyperlink to add a key date for Buy a Home.<\/em><\/strong>Part-year start dates and key dates are now more visible. They have been integrated directly into the table projection headers on the SOP<\/em> transaction screen and within pop-ups.<\/p>
https:\/\/us.v-cdn.net\/6038637\/uploads\/F0W07IHSY31O\/image-35d9507797f538-34c4.png<\/a><\/p>
<\/p>
More visible, unified FHSSS and Downsizer options at SOP transactions<\/strong><\/h3>
We've made it easier to find the First Home Super Saver Scheme <\/em>(FHSSS) and Downsizer<\/em> options by renaming the relevant tabs in the <\/strong>SOP Transactions<\/em> menu to be more specific and detailed.<\/p>
Additionally, you can now view and enter data for both the client and their partner from a single, prominent popup for either the Downsizer<\/em> or FHSSS<\/em>, which significantly reduces the number of clicks required.<\/p>
https:\/\/us.v-cdn.net\/6038637\/uploads\/FEJDLD4BLTYF\/image-3c82a74bd8a438-3647.png<\/a><\/p>
Better First Home Super Saver Scheme (FHSSS) modelling<\/h4>
Now, you can see more details for FHSSS<\/em> on the screen and if you need to enter current balance data or model a property purchase and FHSSS<\/em> release, you can click the hyperlinks to do so.<\/p>
https:\/\/us.v-cdn.net\/6038637\/uploads\/P29DAFRTHMTX\/image-79870362790c88-1bf2.png<\/a><\/p>
Easier Downsizer Contributions<\/h4>
You can also see more details for Downsizer Contributions<\/em> on the screen and if you need to link the Property<\/em> or model its Disposal<\/em>, you can click the hyperlinks to do so.<\/p>
https:\/\/us.v-cdn.net\/6038637\/uploads\/8HC08Q4JYJX9\/image-42a6edc4f3ec3-8c79.png<\/a><\/p>
Concessional Cap remaining now shown in SOP Transactions<\/h4>
Concessional Contributions<\/em> (CCs) are now conveniently displayed at the bottom of the SOP Display<\/em>, above the Non Concessional Cap<\/em> data. <\/p>
https:\/\/us.v-cdn.net\/6038637\/uploads\/AWIVFX2G7C45\/image-d552589d93e8b8-fd75.png<\/a><\/p>
<\/p>
Pop-up improvements to end the ‘memory test’<\/h3>
We heard your frustration about having to memorise balances and caps before opening a pop-up window. We’ve fixed this by bringing the context directly inside the window.<\/p>
Live contextual data:<\/strong> Pop-ups now display up to three live data points at the top (below the date header) and three at the bottom (below the total). Here are some examples of how these changes have been applied:<\/p>
\n \n

🤓 Xplan Hint: Automatically file your emails to Xplan from gmail, outlook or any email client

courtney.youngblutt — Fri, 17 Apr 2026 06:41:12 +0000

Did you know that you can forward an email to your Xplan Group’s ‘inbox’ and Xplan will automatically find the correct client and file it for you? Xplan will even set the correct note type and subtype. If you’re not a fan of the plug in or use gmail or another email client, this one is for you.
Some of you already know that you can file an email to an individual client record in Xplan by forwarding the email to the client’s “entity id@your xplan site name”. (If you didn't - you do now) but this existing functionality is way more powerful than that.
Simply forward or cc an email to your User Group inbox and Xplan will file it for you. It scans for matching email addresses across your database and files the note against the right client record automatically. Your Xplan Inbox is your “user group’s id@your xplan site name” (as opposed to your client’s entity id).
AND you can even have Xplan automatically set the type and subtype of the note that is created based on the email subject by setting up rules that recognise certain words or phrases in the email subject.

It wont' work unless you do this first

If you are not using email to Xplan already, submit a request via IressConnect to have Incoming Email activated for your site and make sure the domain of the incoming email is added to your Xplan Whitelist - your Site Administrator can help with this.

💡Pro Tip
If you prefer emailing to each entity individually but are still manually looking up the entity id each time, create an export containing client name and entity id, add a column for @sitenname then use the excel function ‘concatenate’ to create every client’s unique Xplan email address for you - then import into your email client!

If you’re wondering how long this feature has been available, or want to see the step by step instructions, check out this article from 2015! 🤯
https://community.iress.com/t5/Best-Practice-Xplan/Incoming-email-How-to-automatically-file-your-emails-from-any/ta-p/4660

🤓 Xplan Hint: Xtools+ Super & Pension Strategies revisited

courtney.youngblutt — Fri, 01 May 2026 02:09:18 +0000

Did you know we just released some awesome updates to Super & Pension modelling in Xtools+?
It’s no secret that our Product Manager, Lana Graham, is obsessed with ensuring paraplanners have access to the best modelling tools in our industry. And one of the ways she does this is by staying close to those using the tools and actually acting on their feedback.
The most recent evidence of this is the launch of our Xtools+ Super and Pension "Revisited" updates, designed to slash cognitive load and eliminate the "treasure hunt" for key settings. While the July 2025 release delivered many strategic wins, this update focuses on the user experience, introducing a cleaner UI, smarter transaction menus, and dynamic sliders to replace clunky dropdowns.
Strategic New Features
One-Screen Super Consolidation: Roll over multiple existing super funds (including SMSF and Untaxed funds) into a single account in one step, bypassing the need for manual "transfer account" steps.
Automated Regular Rollovers: Set "Target Balances" for specific funds. The system acts as an automated sweep, moving surplus funds to primary accounts while retaining exactly what is needed for strategies like insurance premium shields.
End of Period (EOP) Transactions Screen: A dedicated new hub for actions occurring at the end of the financial year, such as personal deductible contribution top-ups and spouse super splitting.
Untaxed Fund Reboot Strategy: A new seamless workflow to model pension reboots from untaxed funds by combining regular rollovers with the reboot tool.
Workflow & UI Enhancements
Dynamic Sliders: A new slider replaces the confusing "10-year dropdown," allowing for seamless visibility throughout the entire projection period.
Contextual Pop-ups: Live data points (balances and caps) are now displayed directly inside input windows, eliminating the "memory test" of having to remember figures from the previous screen.
Smarter Navigation: * Date Hyperlinks: Change projection settings and key dates (e.g., "Buy a Home") directly from the transaction screens.
Unified FHSSS & Downsizer Menus: More visible, detailed options that allow data entry for both partners from a single screen.
Visibility Upgrades: Concessional Cap data is now shown directly at the bottom of Start of Period (SOP) displays.
Updated Defaults
Working Cash Account (WCA): Default interest rate changed to 0%.
Contribution Indexation: Default indexation for both Concessional and Non-Concessional contributions changed to 0%.
🌟⤵️Give a huge shoutout to Lana below if any of the items on your feedback list made this round of updates! ⤵️🌟
https:\/\/us.v-cdn.net\/6038637\/uploads\/P4ZQFKB53W3D\/istock-1372988836-iress-tech.jpg<\/a><\/p>
Recently, adviser and former paraplanning manager John Harris shared his feedback after testing our July 2025 Reinvented Super & Pension modelling<\/strong><\/a> release with a complex, \"meaty\" strategy. His verdict? The ability to model a second super account and manage complex rollbacks and contributions is \"1,000% better over previous versions\".<\/p>
However, we also heard loud and clear that the front-end experience added unnecessary 'cognitive load' and workflow friction that got in the way of that strategic power.<\/p>
This Revisited<\/em> update focuses on removing that friction while preserving the strategic power of the engine. Here is a look at the features and UI improvements coming your way, aligned with how you build your strategies.<\/p>
Many of the developments aim to put an end to the 'treasure hunt' for critical settings. We have surfaced buried features and simplified navigation to accelerate your modelling. <\/p>
<\/p>
🚀 When will it be released?<\/strong><\/h2>
Updates will be made live after close of business Thursday 23 April 2026.<\/strong><\/p>
<\/strong><\/p>
🔎 Contents<\/strong><\/h2>Smarter regular transaction menus<\/a><\/li>
Updated defaults and scenario locking<\/a><\/li>
A new slider replaces the 10-year dropdown<\/a><\/li>
Easier key date modelling<\/a><\/li>
More visible, unified FHSSS & Downsizer options at SOP transactions<\/a><\/li>
Pop-up improvements to end the ‘memory test’<\/a><\/li>
Consolidate super in one screen<\/a><\/li>
Real-world timing for EOP (End of Period) transactions<\/a><\/li>
✨ <\/strong>NEW <\/strong>✨ Automated regular rollovers<\/a><\/li>
No more treasure hunts: Minimum Balance on Reboot is where it belongs<\/a><\/li>
Simplifying pension reboot to an untaxed fund<\/a><\/li>
Get started with Xmerge codes<\/a><\/li>
Share your feedback<\/a><\/li><\/ul>
<\/p>
🛠️ What’s changed?<\/strong><\/h2>Smarter Regular Transaction menus<\/strong><\/h3>
We have removed a header level to provide easier access to Regular Transactions<\/em>. <\/p>
Additionally, the Include in Deficit Allocation<\/em> option has been moved to the Accounts<\/em> tab where it belongs. <\/li>
The confusing View Betty’s<\/em> links are now renamed to Edit Betty’s<\/em> and consistently placed on the right.<\/li>
Pension reboot has moved to the Pension Pop-Up<\/em> and the new EOP Transactions Input<\/em> screen (further information below).<\/li><\/ul>https:\/\/us.v-cdn.net\/6038637\/uploads\/0LMMXH7TNI7S\/image-016f9f5e514da8-4f1b.png<\/a><\/p>
<\/p>
Updated defaults and scenario locking<\/strong><\/h3>
We've updated several default settings to better match the most common user patterns, reducing the need for you to adjust them manually.<\/p>
Working Cash Account (WCA) interest rates:<\/strong> The default interest rate for the WCA, for both Individual<\/em> and SMSF accounts<\/em>, is also changing to 0%<\/strong>. Previously, this was set equal to the return for the first Cash asset in your system settings, which was not always optimal.<\/p>
https:\/\/us.v-cdn.net\/6038637\/uploads\/KM5JG5DVFSEA\/image-8a1fb6e12f22e8-3ec6.png<\/a><\/p>
Regular Super Contribution indexation:<\/strong> The default indexation rate for both Concessional<\/em> and Non-Concessional Contributions<\/em> (NCC) is now 0%<\/strong>. This replaces the previous default of Salary Inflation<\/em>, which users often changed.<\/p>
https:\/\/us.v-cdn.net\/6038637\/uploads\/IS0RJDR9MDFF\/image-afd7474d247e68-c8cf.png<\/a><\/p>
Lock Your Scenarios<\/strong><\/p>
As previously noted, if any of your existing scenarios are still using the old<\/em> system defaults, you must lock your scenarios before close of business 23 April 2026<\/strong> to prevent the values in those scenarios from being reset to zero.<\/p><\/div><\/div>
https:\/\/us.v-cdn.net\/6038637\/uploads\/PT1N9QPUS40U\/image-5bc7344c79fbe-ae2c.png<\/a><\/p>
A new slider replaces the 10-year dropdown <\/strong><\/h3>
The previous 10-year dropdown caused user confusion, as it mistakenly suggested that inputs were limited to a 10-year period, when its actual function was to simply display any selected 10-year period.<\/p>
To resolve this, we've removed the 10-year dropdown entirely from the Pop-ups<\/strong>, SOP Transactions<\/strong>, and Regular Transactions<\/strong> screens and. It has been replaced with a dynamic slider, offering users seamless visibility into the future.<\/p>
https:\/\/us.v-cdn.net\/6038637\/uploads\/HARIBGTG4OB5\/image-5d884934c49a8-a292.png<\/a><\/p>
<\/p>
Easier key date modelling <\/strong><\/h3>
We've added date hyperlinks directly in the Start of Period<\/em> (SOP) (and new End of Period,<\/em> or EOP<\/em>) screens so you can instantly change projection settings without navigating away.<\/p>
In the example below, you can see we’ve used the hyperlink to add a key date for Buy a Home.<\/em><\/strong>Part-year start dates and key dates are now more visible. They have been integrated directly into the table projection headers on the SOP<\/em> transaction screen and within pop-ups.<\/p>
https:\/\/us.v-cdn.net\/6038637\/uploads\/F0W07IHSY31O\/image-35d9507797f538-34c4.png<\/a><\/p>
<\/p>
More visible, unified FHSSS and Downsizer options at SOP transactions<\/strong><\/h3>
We've made it easier to find the First Home Super Saver Scheme <\/em>(FHSSS) and Downsizer<\/em> options by renaming the relevant tabs in the <\/strong>SOP Transactions<\/em> menu to be more specific and detailed.<\/p>
Additionally, you can now view and enter data for both the client and their partner from a single, prominent popup for either the Downsizer<\/em> or FHSSS<\/em>, which significantly reduces the number of clicks required.<\/p>
https:\/\/us.v-cdn.net\/6038637\/uploads\/FEJDLD4BLTYF\/image-3c82a74bd8a438-3647.png<\/a><\/p>
Better First Home Super Saver Scheme (FHSSS) modelling<\/h4>
Now, you can see more details for FHSSS<\/em> on the screen and if you need to enter current balance data or model a property purchase and FHSSS<\/em> release, you can click the hyperlinks to do so.<\/p>
https:\/\/us.v-cdn.net\/6038637\/uploads\/P29DAFRTHMTX\/image-79870362790c88-1bf2.png<\/a><\/p>
Easier Downsizer Contributions<\/h4>
You can also see more details for Downsizer Contributions<\/em> on the screen and if you need to link the Property<\/em> or model its Disposal<\/em>, you can click the hyperlinks to do so.<\/p>
https:\/\/us.v-cdn.net\/6038637\/uploads\/8HC08Q4JYJX9\/image-42a6edc4f3ec3-8c79.png<\/a><\/p>
Concessional Cap remaining now shown in SOP Transactions<\/h4>
Concessional Contributions<\/em> (CCs) are now conveniently displayed at the bottom of the SOP Display<\/em>, above the Non Concessional Cap<\/em> data. <\/p>
https:\/\/us.v-cdn.net\/6038637\/uploads\/AWIVFX2G7C45\/image-d552589d93e8b8-fd75.png<\/a><\/p>
<\/p>
Pop-up improvements to end the ‘memory test’<\/h3>
We heard your frustration about having to memorise balances and caps before opening a pop-up window. We’ve fixed this by bringing the context directly inside the window.<\/p>
Live contextual data:<\/strong> Pop-ups now display up to three live data points at the top (below the date header) and three at the bottom (below the total). Here are some examples of how these changes have been applied:<\/p>
\n \n

🤓 Xplan Hint: Smarter Defaults for Super Contributions

courtney.youngblutt — Thu, 28 May 2026 04:08:02 +0000

Did you know we’ve updated the system defaults for super contribution indexation in Xtools+ to better reflect how most of you actually model strategies?
Why?
Previously, the system defaulted to "Salary Inflation" for Concessional and Non-Concessional contributions. We heard that most of you were manually changing this to 0% anyway, so we’ve made 0% the new standard. It's a small change, but it cuts out a repetitive manual task every time you start a new scenario.
How?
When you enter a regular contribution in the Accounts tab, you’ll notice the indexation field now defaults to 0%. If you still want to use salary inflation or a custom rate, you can obviously still change it, but for the majority of "flat" contribution strategies, you won't need to touch it.
Link: https://community.iress.com/ic/discussion/102638/xtools-super-pension-strategies-revisited-release-information
💡Pro Tip The Working Cash Account (WCA) default interest rate has also changed to 0% for both Individual and SMSF accounts. If your practice prefers a different baseline, remember you can still override this in your system settings, but the new 0% default prevents accidental over-estimation of cash returns.
Are there any other default settings you find yourself constantly changing manually?

🤓 Xplan Hint: Automating Retirement "Transfer" Workflows in WealthSolver

courtney.youngblutt — Mon, 18 May 2026 20:14:06 +0000

Did you know you can automate the process of contributing non-super assets into super before rolling them into a retirement income stream?
Manually modelling the sale of an investment account, the contribution into super, and the subsequent rollover to a pension is a multi-step process that usually involves a lot of manual data entry.
This feature does the heavy lifting by ensuring tax is calculated correctly across the transfer.
How?
In the Proposal Set-up screen, navigate to the Lifetime Income Planning tab.
Set the Source of application money to Superannuation.
In your Current Situation panel, mark any non-super funds (like an ordinary investment account) as Close / Roll balance out. Xplan will automatically assume these funds are contributed to super first and then rolled into the Retirement Income solution.
Selecting the correct source of money in this tab is important for more than just speed. It ensures the system applies the right tax treatment to the lifetime income projections from day one.

https://community.iress.com/ic/categories/retirement-income-solution

🤓 Xplan Hint: A New Way to Consolidate Super.

courtney.youngblutt — Thu, 14 May 2026 21:08:31 +0000

Did you know you can now roll multiple super funds into a single account on one screen without having to pass the money through a "transfer account" first?
Why?
The old way of moving money between funds was a bit of a treasure hunt and involved way too many steps. This update lets you consolidate Superfund 1, Superfund 2 (taxed or untaxed) and SMSF accounts in one go. It’s much more logical, especially when you’re preparing to commence a pension and just want to see the final balance and tax components immediately. 🪙
How?
📈 Within your Xtools+ scenario, look for the new consolidation options under Input > Individual > Super > Client/Partner > SOP Transactions and select the Consolidate Super tab.
📈 Select the date for the rollover and tick the boxes for the funds you want to combine.
The system will instantly calculate the new total balance and display any tax payable if you're rolling over untaxed funds.

💡 If you are moving funds from an untaxed source, keep an eye on the tax component display at the bottom of the screen. It updates in real-time so you can see how much tax will be deducted from the untaxed element before you move on to the next part of your strategy.
🔗 Xtools+ Super & Pension Strategies revisited: Release information
❓ Have you had a chance to try the one-step consolidation yet, or are you still used to the old transfer account method?

🤓Xplan Hint: Demystifying Performance Calculations

kenny.foo — Mon, 21 Jul 2025 07:33:39 +0000

Did you know you can now export calculation details?
Ever looked at a client’s performance in Portfolios and wondered where the figures came from? In case you missed this (relatively) new feature, you can now export all the data that makes up the calculation at the press of a button.
To do this, go to Portfolios > Analytics:
Click on the “Detail” tab:

Then on the right-hand side of the screen, select Action > Export Calculation Details:

If you need a brush-up on how the returns are calculated, check out this fantastic Community guide.

🤓 Xplan Hint: Customising Life-Stage Spending in Retirement Income

courtney.youngblutt — Sun, 10 May 2026 21:03:18 +0000

Did you know you can model "active" and "passive" retirement phases in Xplan’s Retirement Income solution by stepping down a client's target income at a specific future date?
Why? Most clients spend more in the first decade of retirement (the "go-go" years) than they do in their 80s. Modeling a flat $50,000 p.a. for 30 years often results in a strategy that looks less sustainable than it actually is.
How? You can set this in two places:
In Proposal Set-up, use the Future spend reduction field to enter a dollar amount and the number of years after which the reduction starts.
If you've already moved to the Modelling screen, click the Adjustments button. You can tweak the Future spending reduction right there without navigating back through the menu.
💡Pro Tip While you're in that Adjustments menu, you can also add a "One-off expense." Use this to provide a basic provision for future aged care entry or a significant lifestyle purchase like a caravan, which advisers often forget to buffer into the long-term sustainability score.

https://community.iress.com/ic/categories/retirement-income-solution

🤓 Xplan Hint: Managing "Planning Horizon" Confidence in Retirement Income

courtney.youngblutt — Wed, 06 May 2026 01:52:06 +0000

Did you know that increasing your Planning Horizon years in our in Retirement Income solution actually increases the "confidence percentage" of your strategy?
Setting a level of confidence defines how much longevity risk you are willing to buffer for. For a couple, Xplan tracks the probability of at least one person being alive to ensure the strategy remains sustainable throughout both their lifetimes.
How?
50% Confidence: This is the statistical midpoint based on average life expectancy - essentially a coin flip on whether the client outlives the strategy.
80% Confidence: This pushes the planning horizon further out, providing a more robust buffer against the risk of the client living longer than average.
The default setting is typically 75% to ensure a safe margin for error. If you increase the confidence percentage, the planning horizon date moves further out, which usually makes the "Strategy Score" harder to achieve (since the money has to last longer).
It is a helpful tool for showing clients the trade-off between spending more now and ensuring they have a high degree of certainty that their income will last as long as they do.

https://community.iress.com/ic/categories/retirement-income-solution

🤓 Xplan Hint: Insurance Datafeeds | Tips for managing Corporate Policy Owners

courtney.youngblutt — Mon, 04 May 2026 23:21:18 +0000

Did you know that there is a critical best practice process for mapping insurance datafeeds to ensure everyone on your site has access to the insurance policy data that they need?
While a simple one-to-one relationship between a policy owner and a life assured client maps easily, things get tricky with corporate owners. Some insurance datafeed providers use a single ID for a corporate entity that owns multiple policies across different advisers and different life assured clients.
➡️ Think of a Trading Company (Pty Ltd) used for Key Person Insurance. The company who owns the policy might be the client of one adviser while the insured founder or CEO is the client of another adviser.
➡️ Or a SMSF Corporate Trustee where the company is technically the policy owner. The feed will often use the company’s identifier, even though the life insured is an individual member of the fund and might be serviced by another adviser.
➡️ Or the most common example - a Master Trust or Retail Super Provider: In some group insurance or retail super scenarios, the "owner" is technically the trustee of the large public offer fund.
Identifying and correctly mapping the corporate entity will ensure that data flows through to the correct client and responsible adviser.
Follow these best practice steps here to ensure your data ends up where it is supposed to: Corporate Policy Owners
💡Tip: This process is required for managing feeds that are not supplying a 1:1 relationship. The datafeed administrator will need to be aware of the corporate policy owner details - they can confirm this with the Insurance Provider.

🤓 Xplan Hint: Easier Key Date Modelling

courtney.youngblutt — Sun, 03 May 2026 23:22:01 +0000

Did you know you can now add or change Key Dates directly from the Superannuation SOP Transactions and EOP Transactions Input screens without navigating away to projection settings?
The workflow used to feel a bit disjointed if you realised halfway through entering data that you forgot to add a "Buy a Home" or "Retirement" date. We’ve added date hyperlinks into the SOP and EOP screens so you can keep your momentum while you’re modelling.
Look for the date hyperlinks in the Start of Period (SOP) or End of Period (EOP) Transaction Input screens. Click the hyperlink to instantly add or edit a Key Date. You’ll also notice that part-year start dates are now more visible in the table headers, so you always know exactly which period you’re looking at. 👀
If you’re doing a lot of "what-if" modelling for property purchases, use these hyperlinks to quickly shift the purchase date. The table headers will update automatically, saving you from having to check the settings menu every time.

https:\/\/us.v-cdn.net\/6038637\/uploads\/P4ZQFKB53W3D\/istock-1372988836-iress-tech.jpg<\/a><\/p>
Recently, adviser and former paraplanning manager John Harris shared his feedback after testing our July 2025 Reinvented Super & Pension modelling<\/strong><\/a> release with a complex, \"meaty\" strategy. His verdict? The ability to model a second super account and manage complex rollbacks and contributions is \"1,000% better over previous versions\".<\/p>
However, we also heard loud and clear that the front-end experience added unnecessary 'cognitive load' and workflow friction that got in the way of that strategic power.<\/p>
This Revisited<\/em> update focuses on removing that friction while preserving the strategic power of the engine. Here is a look at the features and UI improvements coming your way, aligned with how you build your strategies.<\/p>
Many of the developments aim to put an end to the 'treasure hunt' for critical settings. We have surfaced buried features and simplified navigation to accelerate your modelling. <\/p>
<\/p>
🚀 Release<\/strong><\/h2>
This update was released Thursday 23 April 2026.<\/strong><\/p>
<\/strong><\/p>
🔎 Contents<\/strong><\/h2>Smarter regular transaction menus<\/a><\/li>
Updated defaults and scenario locking<\/a><\/li>
A new slider replaces the 10-year dropdown<\/a><\/li>
Easier key date modelling<\/a><\/li>
More visible, unified FHSSS & Downsizer options at SOP transactions<\/a><\/li>
Pop-up improvements to end the ‘memory test’<\/a><\/li>
Consolidate super in one screen<\/a><\/li>
Real-world timing for EOP (End of Period) transactions<\/a><\/li>
✨ <\/strong>NEW <\/strong>✨ Automated regular rollovers<\/a><\/li>
No more treasure hunts: Minimum Balance on Reboot is where it belongs<\/a><\/li>
Simplifying pension reboot to an untaxed fund<\/a><\/li>
Get started with Xmerge codes<\/a><\/li>
Share your feedback<\/a><\/li><\/ul>
<\/p>
🛠️ What’s changed?<\/strong><\/h2>Smarter Regular Transaction menus<\/strong><\/h3>
We have removed a header level to provide easier access to Regular Transactions<\/em>. <\/p>
Additionally, the Include in Deficit Allocation<\/em> option has been moved to the Accounts<\/em> tab where it belongs. <\/li>
The confusing View Betty’s<\/em> links are now renamed to Edit Betty’s<\/em> and consistently placed on the right.<\/li>
Pension reboot has moved to the Pension Pop-Up<\/em> and the new EOP Transactions Input<\/em> screen (further information below).<\/li><\/ul>https:\/\/us.v-cdn.net\/6038637\/uploads\/0LMMXH7TNI7S\/image-016f9f5e514da8-4f1b.png<\/a><\/p>
<\/p>
Updated defaults and scenario locking<\/strong><\/h3>
We've updated several default settings to better match the most common user patterns, reducing the need for you to adjust them manually.<\/p>
Working Cash Account (WCA) interest rates:<\/strong> The default interest rate for the WCA, for both Individual<\/em> and SMSF accounts<\/em>, is also changing to 0%<\/strong>. Previously, this was set equal to the return for the first Cash asset in your system settings, which was not always optimal.<\/p>
https:\/\/us.v-cdn.net\/6038637\/uploads\/KM5JG5DVFSEA\/image-8a1fb6e12f22e8-3ec6.png<\/a><\/p>
Regular Super Contribution indexation:<\/strong> The default indexation rate for both Concessional<\/em> and Non-Concessional Contributions<\/em> (NCC) is now 0%<\/strong>. This replaces the previous default of Salary Inflation<\/em>, which users often changed.<\/p>
https:\/\/us.v-cdn.net\/6038637\/uploads\/IS0RJDR9MDFF\/image-afd7474d247e68-c8cf.png<\/a><\/p>
Lock Your Scenarios<\/strong><\/p>
As previously noted, if any of your existing scenarios are still using the old<\/em> system defaults, you must lock your scenarios before close of business 23 April 2026<\/strong> to prevent the values in those scenarios from being reset to zero.<\/p><\/div><\/div>
https:\/\/us.v-cdn.net\/6038637\/uploads\/PT1N9QPUS40U\/image-5bc7344c79fbe-ae2c.png<\/a><\/p>
A new slider replaces the 10-year dropdown <\/strong><\/h3>
The previous 10-year dropdown caused user confusion, as it mistakenly suggested that inputs were limited to a 10-year period, when its actual function was to simply display any selected 10-year period.<\/p>
To resolve this, we've removed the 10-year dropdown entirely from the Pop-ups<\/strong>, SOP Transactions<\/strong>, and Regular Transactions<\/strong> screens and. It has been replaced with a dynamic slider, offering users seamless visibility into the future.<\/p>
https:\/\/us.v-cdn.net\/6038637\/uploads\/HARIBGTG4OB5\/image-5d884934c49a8-a292.png<\/a><\/p>
<\/p>
Easier key date modelling <\/strong><\/h3>
We've added date hyperlinks directly in the Start of Period<\/em> (SOP) (and new End of Period,<\/em> or EOP<\/em>) screens so you can instantly change projection settings without navigating away.<\/p>
In the example below, you can see we’ve used the hyperlink to add a key date for Buy a Home.<\/em><\/strong>Part-year start dates and key dates are now more visible. They have been integrated directly into the table projection headers on the SOP<\/em> transaction screen and within pop-ups.<\/p>
https:\/\/us.v-cdn.net\/6038637\/uploads\/F0W07IHSY31O\/image-35d9507797f538-34c4.png<\/a><\/p>
<\/p>
More visible, unified FHSSS and Downsizer options at SOP transactions<\/strong><\/h3>
We've made it easier to find the First Home Super Saver Scheme <\/em>(FHSSS) and Downsizer<\/em> options by renaming the relevant tabs in the <\/strong>SOP Transactions<\/em> menu to be more specific and detailed.<\/p>
Additionally, you can now view and enter data for both the client and their partner from a single, prominent popup for either the Downsizer<\/em> or FHSSS<\/em>, which significantly reduces the number of clicks required.<\/p>
https:\/\/us.v-cdn.net\/6038637\/uploads\/FEJDLD4BLTYF\/image-3c82a74bd8a438-3647.png<\/a><\/p>
Better First Home Super Saver Scheme (FHSSS) modelling<\/h4>
Now, you can see more details for FHSSS<\/em> on the screen and if you need to enter current balance data or model a property purchase and FHSSS<\/em> release, you can click the hyperlinks to do so.<\/p>
https:\/\/us.v-cdn.net\/6038637\/uploads\/P29DAFRTHMTX\/image-79870362790c88-1bf2.png<\/a><\/p>
Easier Downsizer Contributions<\/h4>
You can also see more details for Downsizer Contributions<\/em> on the screen and if you need to link the Property<\/em> or model its Disposal<\/em>, you can click the hyperlinks to do so.<\/p>
https:\/\/us.v-cdn.net\/6038637\/uploads\/8HC08Q4JYJX9\/image-42a6edc4f3ec3-8c79.png<\/a><\/p>
Concessional Cap remaining now shown in SOP Transactions<\/h4>
Concessional Contributions<\/em> (CCs) are now conveniently displayed at the bottom of the SOP Display<\/em>, above the Non Concessional Cap<\/em> data. <\/p>
https:\/\/us.v-cdn.net\/6038637\/uploads\/AWIVFX2G7C45\/image-d552589d93e8b8-fd75.png<\/a><\/p>
<\/p>
Pop-up improvements to end the ‘memory test’<\/h3>
We heard your frustration about having to memorise balances and caps before opening a pop-up window. We’ve fixed this by bringing the context directly inside the window.<\/p>
Live contextual data:<\/strong> Pop-ups now display up to three live data points at the top (below the date header) and three at the bottom (below the total). Here are some examples of how these changes have been applied:<\/p>
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🤓 Xplan Hint: End of Period Transactions Screen

courtney.youngblutt — Fri, 01 May 2026 02:29:27 +0000

Did you know there is a brand new input screen in Xtools+ specifically for actions that happen at the very end of the financial year?
We noticed a lot of workflow friction because things like personal deductible contribution top-ups or spouse splitting were buried in nested menus or only accessible from display screens. This new EOP Transactions screen centralises all those year-end "clean up" tasks so you don't have to keep jumping in and out of different windows.
How?
Navigate to the new EOP Transactions Input screen at Input > Individual > Superannuation > Client/Partner > EOP Transactions.
Use the dedicated tabs to manage Voluntary Contributions, Government Benefits, and Tax Releases.
You can enter your end-of-year adjustments here and see the impact on caps and totals at the bottom of the same screen.

💡Pro Tip The EOP screen is also the new home for managing Excess Concessional Contributions and Division 293 tax. Instead of searching for these in the display headers, you can now click the "Release of Tax" tab to handle overrides directly in your input workflow.
Does having a dedicated year-end screen make the "meaty" strategies feel a bit less complex to build?
Xtools+ Super & Pension Strategies revisited: Release information

🤓 Xplan Hint: Automating Marketing Unsubscribes

courtney.youngblutt — Thu, 23 Apr 2026 21:08:07 +0000

Did you know you can configure Xplan to automatically handle client unsubscribe requests by using boolean fields to automatically update their subscription status without any manual data entry?
Staying compliant with Australian anti-spam regulations is a non-negotiable part of running a practice. Usually, this involves a paraplanner or administrator manually checking emails and updating client records one by one to ensure they don't get the next newsletter- painful! By automating this, you ensure client preferences are respected instantly and your distribution lists remain accurate and compliant.
How? Xplan uses boolean fields (the simple "Yes/No" or "True/False" toggles) to track whether a client wants to receive certain communications.
Set up your fields: Ensure you have specific boolean fields created for your different communication types, like "Monthly Newsletter" or "Market Updates".
Insert the magic link: When drafting your email template, include the dynamic unsubscribe link. You can find this in the template editor under the Xmerge or Syntax tools.
Configure the change: Set the link properties so that when a client clicks it, the specific boolean field on their record automatically changes from "Yes" to "No".
Filter your searches: When you are ready to send your next bulk email, use an Advanced Search that includes the criteria where your specific boolean field "Equals Yes". This ensures the people who opted out are automatically excluded from the results.
💡Pro Tip You can use this same logic in reverse to create a "Subscribe" link for your website or email signatures. If a client clicks it, the boolean field changes to "Yes", adding them to your mailing list. It is a great way to grow your distribution lists while keeping the data clean.
You can find the syntax for your email template here: Xmerge Syntax - Email Subscription Links
Looking for other email design tips?

Email Template Design<\/h2>
When designing effective email templates you should aim to <\/p>
Simplify layout<\/li>
Include images<\/li>
Personalise content<\/li>
Maintain brand consistency<\/li>
Incorporate video or animations<\/li>
Include an unsubscribe option<\/li><\/ul>
<\/p>
Xplan Design Tips<\/h2>
Learn the basics of email templates<\/a> first<\/li>
Try out the email template wizard<\/a> in Xplan<\/li>
Emails should be 600-800 pixels maximum width for best results in the preview-pane of outlook or gmail.<\/li>
Include images in your templates via the document library or public download functions<\/a><\/li>
Personalise content by using email syntax<\/a>. Insert syntax using the syntax toolbar option.<\/li><\/ul>
https:\/\/us.v-cdn.net\/6038637\/uploads\/attachments\/22221i3C25B896106592DE\/courtneyyoungblutt_0-1736906828009.png<\/a><\/p>
<\/p>
Use the same base template each time to maintain brand consistency.<\/li>
Incorporate video from Vimeo or YouTube or create animations with a screen to .gif tool,<\/li>
Include an unsubscribe option by creating a hyperlink in the template that links to a custom boolean unsubscribe field<\/a>.<\/li>
To avoid formatting issues, remove formatting from existing text held outside Xplan by pasting into notepad first, then use the built-in toolbar in the email editor to format your text.<\/li>
Use a basic HTML editor to help with layout. Use the built-in previous function.<\/li>
Use standard, cross-platform fonts such as Arial, Verdana, Georgia, and Times New Roman.<\/li>
Incorporate email signatures<\/a> or standard code for sign off.<\/li>
Test, test, test then save as your template. Test the base template thoroughly across mail clients (gmail, outlook) and devices (desktop, tablet, phone).<\/li>
Understand SPF & DKIM email delivery protocols<\/a> to ensure the successful delivery of emails from Xplan.<\/li>
Copy the source code and paste into your new template to ensure consistency<\/li><\/ul>
<\/p>
https:\/\/us.v-cdn.net\/6038637\/uploads\/attachments\/22222iEB971CB1A971EB51\/courtneyyoungblutt_1-1736906956531.png<\/a><\/p>
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<\/p>
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🤓 Xplan Hint: A better way to manage your datafeeds

courtney.youngblutt — Sun, 19 Apr 2026 01:45:51 +0000

Did you know that with a bit of TLC, your datafeeds can become your competitive advantage rather than your nemesis? And it all begins with appointing a dedicated Datafeed Administrator.
Most of us want datafeeds to be "set and forget" but they need regular attention to stay accurate. When each adviser tries to manage their own, you often get duplicated effort and missed error patterns. Centralising this role means one person oversees the audit logs, links new accounts, and catches "out of balance" warnings before they impact your reporting or client reviews.
If your datafeeds have been unloved for a little while, you’ll need to know where to begin:
Start with the basics: Check out Datafeed Fundamentals and Datafeed Administration: Daily checks in The Iress Learning Centre then jump into the Getting Started guide from the Iress Community.
Pick a "quick win": Choose one provider that is almost 100% accurate. Use the Platform Summaries - APAC Region List to check the overall health of that specific feed first.
Review the summaries: Use the Platform Summary and Adviser Summary screens for a high-level view of data quality. The Reconciliation Summary allows you to drill into the detail of individual holdings.
Check your mappings: Do all advisers have valid credentials? Are all adviser codes and client accounts mapped correctly?
Watch for date locks: Be careful overriding these if you aren't familiar with the history of that account.
Identify patterns: When troubleshooting, look for common threads. Are the errors all on the same date, for the same holding, or linked to one particular adviser?
Follow the trouble shooting guide.
Focusing on one provider at a time keeps things manageable. By starting with those quick wins, you'll soon have a list of feeds you can actually trust. From there, simple routine checks will help you catch and fix any new issues as they happen.
How’s the quality of your datafeeds?

🤓 Xplan Hint: Unbundling SMAs for better client clarity

courtney.youngblutt — Sun, 19 Apr 2026 01:42:21 +0000

Did you know you can "unbundle" SMA holdings within your WealthSolver scenarios to show the underlying investments instead of just a single line item?
Why?
Separately Managed Accounts (SMAs) are great for efficiency, but sometimes a client wants to see exactly what they own, or you need to demonstrate the granular asset allocation of the underlying stocks. Instead of just seeing "Balanced SMA" as a single row, unbundling lets you model and report on the actual shares and funds within that wrapper.
How?
This is a quick toggle in your settings.
Navigate to Admin > System Settings > WealthSolver > General.
Scroll down to the SMA section.
Tick the box for Enable Unbundle SMA button in Scenario Modelling.
Once enabled, you’ll see a button within your WealthSolver scenario that allows you to break out those rolled-up holdings.
💡Pro Tip
When you unbundle an SMA, Xplan uses the underlying weightings from the fund data. If you’re trying to show a client why their portfolio is performing a certain way, unbundling is the easiest way to highlight specific stock exposure without having to manually type out a list of holdings in a file note.
Who else is using the unbundle feature to make their SOAs feel a bit more transparent for clients?
Enable Unbundle SMA button in Scenario Modelling

xplan hint — Iress Community

🤓 Xplan Hint: Balancing your SMSF in Xtools+

🤓 Xplan Hint: Other SMSF members

🤓 Xplan Hint: Archiving Client Notes Using Tags

🤓 Xplan Hint: Recording AML/CTF Risk Ratings

🤓 Xplan Hint: Tracking Super Contributions

Key Features at a Glance

How the Data is Calculated

Flexibility and Compliance Details

Notes and Document linking

Xtools/Xtools+ Contribution Cap Calculations

🤓 Xplan Hint: Risk Researcher Merge Syntax

🤓 Xplan Hint: Colour Coding Document Note Tags

🤓 Xplan Hint: Relocated Minimum Balance on Reboot

🤓 Xplan Hint: Auto Tagging via Note Templates

🤓 Xplan Hint: Optimising Task Hub with Saved Views

🤓 Xplan Hint: How often do you check for unallocated notes?

🤓 Xplan Hint: Why not try a dynamic benchmark?

🤓 Xplan Hint: Compare Xtools+ Scenarios

How to Compare Charts

References

🤓 Xplan Hint: Automated regular rollovers between super accounts

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🤓 Xplan Hint: Automatically file your emails to Xplan from gmail, outlook or any email client

🤓 Xplan Hint: Xtools+ Super & Pension Strategies revisited

Strategic New Features

Workflow & UI Enhancements

Updated Defaults

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🤓 Xplan Hint: Smarter Defaults for Super Contributions

🤓 Xplan Hint: Automating Retirement "Transfer" Workflows in WealthSolver

🤓 Xplan Hint: A New Way to Consolidate Super.

🤓Xplan Hint: Demystifying Performance Calculations

🤓 Xplan Hint: Customising Life-Stage Spending in Retirement Income

🤓 Xplan Hint: Managing "Planning Horizon" Confidence in Retirement Income

🤓 Xplan Hint: Insurance Datafeeds | Tips for managing Corporate Policy Owners

🤓 Xplan Hint: Easier Key Date Modelling

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🤓 Xplan Hint: End of Period Transactions Screen

🤓 Xplan Hint: Automating Marketing Unsubscribes

🤓 Xplan Hint: A better way to manage your datafeeds

🤓 Xplan Hint: Unbundling SMAs for better client clarity

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