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

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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.

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