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’s changing?
The Federal Government has announced proposed Division 296 measures that would 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.
Assessment Tool: Determine your Tax Liability
Simply enter your Total Superannuation Balance at 30 June 2025 and estimated investment return % we will provide you with an estimate of your Division 296 tax liability within 1 – 2 business days.
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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.