Division 296 is now law. From 1 July 2026, individuals with total superannuation balances above $3 million will be subject to an additional tax on a portion of their superannuation earnings.
If you hold large superannuation balances, understanding how this new measure works and what it means in practice is important.
Join us for a complimentary morning tea briefing where we will help you understand Division 296, what it means in practice, how it may affect your broader financial position, and the estate planning considerations you should be aware of.
The session will be hosted by Clinton Peake, Director in Business Advisory at Moore Australia, and presented by Helen Yau, Senior Financial Advisor at Moore Wealth Management, Tim Cheong, Tax Director at Moore Australia, and Patrick Robertson, Partner at Partners Legal. There will be time for questions.
What we will cover
- An overview of Division 296 and how it applies from 1 July 2026
- The $3 million and $10 million thresholds and what they mean for affected individuals
- How the tax is calculated, assessed and attributed to members
- Practical considerations for SMSF trustees and their advisers
- An opportunity to ask questions of our panel
