New 30% tax rate on $3 million superannuation balances
From 2025‑26, the 15% concessional tax rate applied to future earnings for superannuation balances above $3 million will increase to 30%.
From 2025‑26, the 15% concessional tax rate applied to future earnings for superannuation balances above $3 million will increase to 30%.
Budget 2022-23: 'Don't Rock The Boat' The 2022-23 Budget is a safe, ballot box friendly Budget with a focus on jobs, cost of living, home ownership, and health. Click to…
Read our recap of the 2021-22 Federal Budget, including changes to your personal tax, superannuation and business legislation.
The Government has announced the $2.5 billion JobTrainer package to retrain, upskill and open new job opportunities.