This week the government have made changes to their proposed $3–million #superannuation

Super tax changes explained: what you need to know 🧾

This week, the government announced key updates to the proposed superannuation tax changes. Here’s a quick breakdown:

✅ New tax tiers:
• Up to $3 million: 15% tax (unchanged)
• $3–10 million: Additional 15% tax (total 30%)
• Over $10 million: Additional 10% tax (total 40%)

✅ Indexed threshold: The $3 million cap will now increase over time with inflation.

✅ No tax on unrealised gains: A major improvement - the additional tax will now apply only to realised earnings, not paper gains.

There’s still some uncertainty around whether the tax will apply to gains built up before 1 July 2026, when it’s set to begin.

If you manage a self-managed super fund (SMSF) or have a high super balance, it’s worth reviewing your strategy now. Speaking with a qualified financial adviser can help ensure your wealth is structured efficiently and you’re prepared for these changes. General advice only. Based on Australian regulations.

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