Division 296: New Tax Super Balances >$3M | From 1 July 2026, based on 30 June 2027 balance. An additional 15% tax applies to the proportion of super fund earnings attributable to individual balances exceeding $3 million. Balances above $10M attract a further 10%. The tax can be paid personally or from your super. For […]
The $3M Super Tax was previously blocked in Senate by a few independents, but it’s now back on the table post the election and the Government has a voting majority in both houses of parliament. Whilst the proposed start date is 1 July 2025, the first key date is 30 June 2026 where the super […]