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
What we can help you with.
Sonas Wealth through its SMSF Coach service will help you understand the affects of this tax on your or your family's superannuation. We can help yu devise strategies to implement to reduce the consequences of this tax before and after it starts.
The easy way to start
1.
Understand the Tax
2.
Assess if you may be affected
3.
Seek advice on mitigation solutions
4.
Be prepared!
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