Future earnings for super balances above $3m taxed at 30% from 2025-26

HomeInsights

Future earnings for super balances above $3m taxed at 30% from 2025-26.


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.

Your Business. Your Super.

We want our people to be the best they can be..


CALL US CALL US



23 Feb

Smart Ways To Fit Out Your Professional Practice

There are effective ways to fit out your practice for maximum efficiency and success.


READ MORE READ MORE
23 Feb

Construction costs are returning to normal

Construction cost increases have reaccelerated, but the good news is they are now returning to their normal trend.


READ MORE READ MORE
22 Feb

Growing a Strong Business

Jackie Prossor shares her story on growth and evolving as a professional and a business owner, with the help of Shannon and the SMART Business Solutions team.


READ MORE READ MORE
21 Feb

Commercial activity could increase in 2024

Commercial transactions could start to rebound in 2025, with lower prices.


READ MORE READ MORE
21 Feb

Market Wrap - January 2024

A rally in the second half of the month helped global share markets generate solid gains in January, extending the rally from November and December.


READ MORE READ MORE
21 Feb

Meet Nicole Wicks - Client Services Manager


READ MORE READ MORE

Related News

21 Feb

Maximising Returns: A Comprehensive Guide to Property Investment

Investing in property can be a lucrative venture, especially for small business owners looking to diversify their portfolio or secure a stable source of income.


READ MORE READ MORE
21 Feb

Supercharge Your Superannuation

As a small business owner or employee on wages, planning for your future includes managing your superannuation effectively.


READ MORE READ MORE
19 Feb

Cashflow: The Lifeblood of Business

In the ever-evolving landscape of small business ownership, it is imperative to remain vigilant and proactive, especially when it comes to financial management. We delve into key strategies and insights to help small business owners navigate financial challenges effectively.


READ MORE READ MORE