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What’s this $3m tax on super? Explaining Division 296 tax

What’s this $3m tax on super? Explaining Division 296 tax

by Anthony Picone | Jul 19, 2024 | Education Series

Clients are beginning to hear about a proposed new tax on a portion of their earnings as we approach its likely implementation date. This tax, known as Division 296, is essentially a tax on earnings for those with superannuation balances greater than $3 million. The...

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