Education Series
What’s this $3m tax on super? Explaining Division 296 tax
Jul ‘ 24
|
3 min
|
Anthony Picone
As the 2025-2026 financial year approaches, clients are hearing about Division 296—a proposed 15% tax on superannuation earnings over $3M. This blog explains the details, formulas, and worked examples to understand this new tax.
What’s this $3m tax on super? Explaining Division 296 tax
Jul ‘ 24
|
3 min
|
Anthony Picone
As the 2025-2026 financial year approaches, clients are hearing about Division 296—a proposed 15% tax on superannuation earnings over $3M. This blog explains the details, formulas, and worked examples to understand this new tax.