Will changes to the taxation of superannuation earnings if you have a Total Super Balance of $3 million and above impact you?
What are the changes? Currently, regardless of your superannuation balance or Total Superannuation Balance (TSB), investment earnings in superannuation accumulation phase are taxed at a maximum rate of 15%. Investment earnings in ‘retirement phase income stream’ are tax free. From 1 July 2026, if your TSB exceeds $3 million, an additional tax of 15% will … Read more
