Complimentary assessment: Your Division 296 tax liability
If your super balance is approaching or exceeds $3 million, the decisions you make now can affect how much of the additional 15-25% tax you actually pay. At Nexia, we work alongside clients to understand how Division 296 applies specifically to them, and what they can do about it.
To get started, simply enter your Total Superannuation Balance at 30 June 2025 and estimated investment return %. An experienced finacial Adviser will provide you with an estimate of your Division 296 tax liability within 1-2 business days.
Who is impacted?
- Individuals with super balances approaching or exceeding $3 million
- Business owners, senior executives and professionals
- Trustees of SMSFs with significant accumulated earnings
- Anyone concerned about how future super tax changes may affect long‑term wealth
What will change?
The Federal Government has announced Division 296 measures that introduce:
- An additional 15% tax on earnings attributable to super balances above $3 million
- An additional 25% tax on earnings attributable to super balances above $10 million
- Application from 1 July 2026, subject to legislation being passed
These rules are complex, still evolving, and may have unintended consequences depending on how your super is structured.
At Nexia, we work alongside clients to help them:
- Understand how Division 296 may apply specifically to them
- Identify planning strategies before 1 July 2026
- Consider appropriate structures for your situation including SMSFs, trusts and companies
- Make informed decisions with clarity — not guesswork
For more information, read the latest news.