The Government has announced that from 2025‑26, the 15% concessional tax rate applied to future earnings for superannuation balances above
$3 million will increase to 30%.
The concessional tax rate on earnings from superannuation in the accumulation phase will remain at 15% up to $3m. From $3m onwards, the rate
will increase to 30%. The amendment applies to future earnings; it is not retrospective. 80,000 people are expected to be impacted by the
measure.
The announcement doesn't propose any changes to the transfer balance cap or the amount that a member can have in the tax-free retirement
phase.
We want our people to be the best they can be..
We'll dive into some of the everyday mistakes and tricky grouping issues that small businesses often encounter when dealing with payroll tax.
Maintaining control over cash flow is undeniably a complex balancing act. It's a challenge that lacks a quick and universal solution.
We'll dive into some of the everyday mistakes and tricky grouping issues that small businesses often encounter when dealing with payroll tax.
Maintaining control over cash flow is undeniably a complex balancing act. It's a challenge that lacks a quick and universal solution.
