Division 296 Calculator

It's here! The new Division 296 calculator. Division 296 is the new proposed extra tax on a member's superannuation balance if the balance exceeds $3m. The Government is committed to getting this legislation through, and after the recent result in the Federal election, most commentators are saying is is a question of when not if the legislation will be passed. So we need to be ready and we now are. 
This new calculator works out the extra tax if a member's superannuation balance exceeds $3m, something that on first glance appears quite simple and straight forward, but as always, the devil is in the detail and the calculation is a lot more complex than first thought. We strive to simplify the complex, so the calculator will produce a result with a minimum of just TWO numbers entered. 

It allows you to project a superannuation balance forward for 10 years. It also allows you to compare scenarios if the member was to make a large withdrawal and to compare the tax payable inside and outside of Super. It has an example for you to consider and we have also reproduced all seven examples outlined in the Better Targeted Superannuation Concessions Explanatory Memorandum. 

This is the must have calculator for 2025/2026 as all members with a superannuation balance of more than $3m as at 30 June 2026 will be affected.