Division 296 Tax

We will provide advice and strategies to manage this new tax once legislated.

Please take time to read through the Frequently Asked Questions below and if you need further advice then get in touch.

We also have a Facebook Page specifically for this topic - Div 296 Tax Advice

Division 296 Tax - What we provide

Background, context, analysis and strategies to deal with the Division 296 Tax.

15% extra tax on the proportionate earnings of superannuation accounts balances over $3m

Calculation of Balance = Accumulation Phase Value + Retirement Phase Value + Rollovers In Transit

Test: Change in the Member's TSB for the income year