Division 296 Tax Calculator

Superannuation Earnings Tax · Commences 1 July 2026

Division 296 commences 1 July 2026 and applies where a member's consolidated TSB across all funds exceeds $3,000,000.00 at 30 June 2027. The tax targets a portion of the member's superannuation earnings.

First year (2026/27): threshold measured solely at 30 June 2027.
FY2028 onward: trigger = greater of opening or closing TSB.
Tax is levied personally; the fund may pay the liability by member election.

Calculation Mode

Main Calculation

Member's Total Super Balance at 30/06/2027

Net Earnings for Div 296 Calculation

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This is the net taxable investment income before the application of exempt current pension income assuming at 5% of the member's TSB for this calculation purpose (ignoring any pension tax advantage and any concessional contribution income)

Thresholds

Balance

Proportion Exceeding
Threshold

Threshold 1

$3,000,000.00

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Threshold 2

$10,000,000.00

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Div 296 Liability

Tax at 15% (over $3M)

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Extra Tax at 10% (over $10M)

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Total Division 296 Liability

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Div 296 Effective Tax Rate

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Test Modelling — Withdrawal Scenario ▼

Model a 30 June 2027 withdrawal. Earnings are unchanged — only the proportion shifts. Effective for FY2026/27 only.

Analysis Scenario — Withdrawal of

TSB After Withdrawal

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