30% tax on super earnings on balances above $3 million

November 11, 2023

Draft legislation released for increasing the tax rate on earnings on superannuation balances above $3m in 2025.

Treasury has released draft legislation for consultation to enact the Government’s plan to increase the tax rate on earnings on superannuation balances above $3m from 15% to 30% from 1 July 2025. This is the final step before the legislation is introduced into Parliament.


From a planning perspective, for those with superannuation balances close to or above $3m, it will be important to explore the implications of your personal situation – there is no one size fits all strategy and what is best for you will depend on how a potentially wide array of factors impact on your individual scenario.


By Wright Partners Client March 10, 2026
The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees.
March 8, 2026
The ATO has issued a Draft Taxation Determination TD 2026/D1 which looks at how inherited family homes are treated for CGT purposes
By Wright Partners Client March 7, 2026
Self managed superannuation funds (SMSFs) can offer significant flexibility, allowing the members to make investments and enter arrangements that may not be available through retail or industry superannuation funds.
By Wright Partners Client March 5, 2026
Running a business from home—whether as a sole trader, freelancer, or small operator—has many perks.
By Wright Partners Client March 4, 2026
Running a successful business is hard work
February 16, 2026
When clients sell a long-held family home, they may be able to channel part of the proceeds into superannuation by using the downsizer contribution rules.
February 16, 2026
As a business owner or investor, time is always tight...
February 16, 2026
Electric vehicles (EVs) are no longer a niche choice...
February 10, 2026
For many Australians, a holiday home does double duty...
By Erin Robertson December 4, 2025
For years, businesses have been moving away from cash – and for good reason.
Show More