Retirement Planning

For a generation, the logic of Australian retirement planning has pointed in one direction: contribute to superannuation, let it compound in a low-tax environment, and draw on it tax-free in retirement. The proposed Division 296 super tax does not dismantle that logic, but it …

Few areas of tax policy generate as much confusion as the interaction between two layers of tax sitting on the same pool of money. Division 296, the proposed measure that would add a second slice of tax to very large superannuation balances, is a …

Good tax planning is rarely about dramatic moves. More often it is about reviewing assumptions early, keeping records in order and understanding how a proposed change might interact with an existing strategy. The Division 296 measure, which targets superannuation balances above $3 million, is …

When a new layer of tax is proposed for large superannuation balances, a natural question follows: how much could it actually affect the wealth a person builds over time? Division 296, the proposed measure that would add 15% to the earnings attributable to balances …

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. …