New Division 296 rules explained: Tax changes for large Superannuation balances
The Federal Government has now passed the Division 296 legislation, introducing an additional tax for individuals with total superannuation balances (TSB) above $3 million. Since the proposal was first announced in February 2023, several important changes have been made to the original design. The key updates include: 1. Removal of tax on unrealised gains Instead […]
