Education

As discussion of Division 296 continues, attention has turned to whether holding some wealth outside superannuation might suit certain investors. The proposed measure would add 15% to the earnings attributable to balances above $3 million, and that prospect has prompted commentators to canvass alternative …

Superannuation has long sat at the centre of how Australian families think about long-term wealth and what they leave behind. For households with balances approaching or above $3 million, the proposed Division 296 measure introduces a new variable into that thinking. The policy is …

When a new tax appears on the horizon, the natural instinct is to ask what can be done about it. For wealthy Australians watching the progress of Division 296, the proposed additional tax on large super balances, that question is now front of mind. …

For high-net-worth Australians, the period leading up to July 2026 is shaping up as an important window for reviewing how wealth is held inside superannuation. The proposed $3 million super tax, known formally as Division 296, would introduce an additional layer of tax on …

Among the questions Australians ask most about the proposed $3 million super tax are the simplest: who does it actually affect, how many people are caught, and what can investors realistically do about it? Known formally as Division 296, the measure has been widely …

Division 296 tax is an additional layer on top of the existing 15% rate on accumulation-phase earnings, designed to reduce the concessional tax benefit for those with very large super balances.

The pathway is through a self-managed super fund. Unlike retail or industry funds, an SMSF gives members direct control over where their retirement savings are placed — including in real estate.