The super tax change you need to know about

Comment “Div 296” and we’ll send you an information pack to learn more about Division 296 tax and how it may impact your superannuation. Division 296 is a key topic for Australians with higher superannuation balances, especially as changes around this additional tax continue to be discussed. This additional tax applies to superannuation balances above $3 million per individual member, with a further increase applying to balances above $10 million. While this currently affects a smaller number of Australians, it’s important to understand how these rules may impact your future superannuation strategy, especially if you believe your balance could reach these levels in the coming years. There is also an opportunity during the transition period to consider whether resetting cost bases within superannuation may be beneficial for your circumstances. Want to learn more? Comment “Div 296” and we’ll send you an info pack. You can also join our upcoming webinar on 23rd September at 7 PM to learn more about Division 296 and what it may mean for your superannuation. General advice only. Amy Lehmann is an Authorised Representative (No. 1292710) of Consortium Private Wealth Pty Ltd (AFS Licence 495401).

Disclaimer || The information provided in this post is general in nature only and does not constitute personal financial advice. Amy Lehmann is an Authorised Representative(No. 1292710) of AFSL 495401.