Division 296 Calculator - Updated

The Division 296 calculator has now been updated to cater for the legislation the Government passed in march 2026. Division 296 outlines the extra tax that will be charged on a member's superannuation balance if the balance exceeds $3m and if the balance exceeds $10m.

This new updated calculator works out the extra tax if a member's superannuation balance exceeds $3m and again if exceeds $10m. At first glance, the calculation appears quite simple and straight forward, but as always, the devil is in the detail and the calculation is a lot more complex than  you think. We strive to simplify the complex, so the calculator will assist you calculate the extra tax payable using some projected figures. 

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 also  has an example for you to consider. 

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