Div 296 Tax Calculator
Overview
If passed, the tax will begin in the 2026/2027 financial year. It would apply to any member whose consolidated total super balance, pension and accumulation balances across all funds, is over $3m as at 30 June 2027 and apply to a portion of the member’s superannuation account “earnings” for that year. (Unlike other measures where the trigger is the previous year’s TSB, for this tax, the trigger is at the end of the taxation year). The tax is levied against the member, not the fund, though the member can choose for the fund to pay it.
This calculator reflects our understanding of the changes announced on 13th October 2025. It will be modified, if necessary, as more information comes to hand. Note that it provides you with the option to model 3 different 30th June withdrawals at the end of the year in question. This won’t alter the earnings, but will alter the tax.
Div 296 Calculator
Reflecting the 13 October 2025 Announcement
Inputs
The end of year TSB determines the application of the tax.
This is the net taxable investment income before the application of exempt current pension income, so ignore any pension tax advantage. Also ignore any concessional contribution income.
Would you like to compare the Div 296 tax result for a sample of member balance withdrawals made on the last day of the financial year?