Teaminvest Wealth Builders
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Teaminvest Wealth Builders
Teaminvest Wealth Builders Episode 8 - Division 296 tax and your Self Managed Super Fund
Understanding Division 296 Tax: What High Net Worth SMSF Investors Need to Know
Division 296 tax is an additional 15% tax on earnings attributed to the portion of your superannuation balance over $3 million. On the surface, this may sound straightforward, but the implications for high net worth individuals, particularly those with self-managed super funds (SMSFs), are far more complex.
To unpack the details, we’re joined by Meleena Mitchell, Head of Self-Managed Super Funds at TIP Group. Meleena is a CPA with over 15 years of experience in helping clients navigate the complexities of superannuation. Whether it be starting you self-managed super fund, self-managed super fund, restructuring, annual compliance and lodgment of tax returns, assistance with super strategies, which includes state planning, legislative compliance or self-managed super fund wind up.
If you have a superannuation balance exceeding $3 million, or you’re considering strategic planning around Division 296, this episode offers practical advice that could significantly affect your financial future.
Stay informed. Stay invested. Keep building wealth.
LINKS
Division 296 Tax: What Australia’s $3 Million Superannuation Tax Means for You | TIP Group
https://www.tipgroup.com.au/smsfadmin
CONTACT Meleena Mitchell
meleena.mitchell@tipgroup.com.au
0430 082 025
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