Tax on Super Earnings – Rate Increase Announcement
https://lombardipartners.com.au/app/uploads/Super-tax-flash.mp4 The Treasurer and Prime Minister confirmed today that the government will tax earnings on super balances over $3 million at 30 per cent from 1 July 2025. Currently, earnings from superannuation in the accumulation phase are taxed at a concessional rate of up to 15 per cent. This will continue for all superannuation accounts with balances below $3 million. From 2025‑26, the concessional tax rate applied to future earnings for balances… Read more