Superannuation update: Proposed $3 Million Superannuation Cap …
From 1 July 2025, the Government has proposed an ‘additional’ tax of 15% on earnings on an individual's superannuation benefits over $3 million at the end of a financial year. This …
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Superannuation Update: Proposed $3 Million Superannuation Cap …
1 week from now
From 1 July 2025, the Government has proposed an ‘additional’ tax of 15% on earnings on an individual's superannuation benefits over $3 million at the end of a financial year. This …
pwc.com.au
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Better Targeted Superannuation Concessions - Australian Taxation …
1 week from now
Aug 13, 2024 · From 1 July 2025 tax concessions will be reduced for certain earnings for superannuation balances above $3 million. On 28 February 2023, the Australian Government …
ato.gov.au
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Superannuation Tax On Balances Over $3m Will Be Avoided By …
1 week from now
Dec 4, 2023 · Labor’s proposed new tax on superannuation balances above $3 million is projected to affect 80,000 people and generate an additional $2 billion in revenue a year from …
afr.com
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The $3 Million Super Tax Cap: What To Consider With 1 Year To Go
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Apr 26, 2024 · The bottom line. In just over 12 months’ time, the new tax rules that apply to earnings on super balances above $3 million will commence. That may seem a long way …
superguide.com.au
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The New 15% Tax On $3M+ Member Total Super Balances From 1 …
1 week from now
Apr 26, 2023 · Overview. Broadly, from 1 July 2025, where a member’s total superannuation balance (TSB) exceeds $3 million, an increase in their TSB at the end of the relevant financial …
dbalawyers.com.au
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$3 Million Super Cap: What, When And How - RSM Global
1 week from now
Mar 9, 2023 · Earnings: $4.2 million - $3.2 million = $1 million. Proportion: ($4.2 million - $3 million) / $4.2 million = 28.5%. Tax payable: $1 million x 28.5% x 15% tax = $42,750. This …
rsm.global
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Superannuation Update: Tax Cap Increased For Superannuation …
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Feb 28, 2023 · Prime Minister Anthony Albanese said from July 1 2025, Australians who have a superannuation balance over $3 million will be taxed at a concessional rate of 30 per cent, up …
9news.com.au
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Understanding The Proposed $3 Million Superannuation Cap
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Feb 23, 2024 · The Federal Government has proposed, from 1 July 2025, an additional tax of 15% on “earnings” for members who have a total superannuation balance of greater than $3 …
saltfinancialgroup.com.au
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Superannuation: Proposed $3 Million Superannuation Cap Update
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Superannuation: Proposed $3 Million Superannuation Cap Update. We summarised the key points of the newly released draft legislation and still subject to change. More. From 1 July …
aspireretire.com.au
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Better Targeted Superannuation Concessions - Factsheet
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The Government is reducing the tax concessions available to individuals whose total superannuation balances exceed $3 million. Individuals with balances over this threshold …
treasury.gov.au
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How The $3 Million Super Balance Cap Will Impact Member …
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May 30, 2023 · As of July 1, 2025, a significant change is likely be implemented in the Australian superannuation landscape with the introduction of a $3 million super balance cap. This cap is …
arrowwealth.com.au
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Super Tax Breaks To Be Reduced For Accounts With More Than $3 …
1 week from now
Oct 10, 2023 · Currently, earnings from super in accumulation phase are taxed at the concessional rate of up to 15% while earnings from super in retirement phase are tax free. …
superguide.com.au
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The Super Funds That Will Feel Most Pain From New $3m Cap
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Mar 8, 2023 · Looking at a comparison between investing personally versus investing in superannuation under this new $3 million cap, you could earn up to about $150,000 in …
afr.com
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Changes To Superannuation Are Being Floated By The Federal …
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Feb 22, 2023 · Labor proposed to reduce the annual income threshold from $250,000 to $200,000. It did not take that policy to the 2022 election but with the Treasurer now …
abc.net.au
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New ‘30% Tax Rate’ For Super Balances Over $3 Million – A Tax On…
1 week from now
Mar 9, 2023 · The proposal has been described in the Government’s Fact Sheet as a reduction to ‘ the tax concessions available to individuals whose total superannuation balances exceed $3 …
hallandwilcox.com.au
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Superannuation Changes - Federal Budget 2024-25
1 week from now
From 1 July 2024, the SG rate for employers to pay on behalf of eligible employees is 11.5%. There will be a final increase of 0.5% on 1 July 2025 to 12%. The increases aim to reduce …
australiansuper.com
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SMSF Members Cautioned Not To Act Propitiously Re $3m Cap
1 week from now
Feb 22, 2024 · SMSF members cautioned not to act propitiously re $3m cap. SMSF Association Media Release. Self-managed super funds (SMSFs) should avoid knee-jerk reactions to the …
smsfassociation.com
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