FOR Australians in their 50s and beyond, superannuation often moves from the growth phase to one of preservation and careful planning.
“It’s the stage where every decision matters – whether it’s maximising contributions, reviewing your investment mix, or mapping out the timing of your transition-to-retirement pension and eventual retirement income streams,” said the team at MavenAdvisors, registered tax agents and SMSF specialists.
Amid this planning, recent government announcements have added new complexity.
“The proposed laws – now delayed to take effect from 1 July 2026 – will introduce an additional tax on earnings for super balances exceeding $3 million, with even higher implications for those above $10 million,” the team said.
“While the removal of the earlier plan to tax unrealised gains is welcome news, many details remain uncertain.”
Key questions persist around how the tax will apply to realised gains and whether it will capture only future earnings or retrospectively impact existing growth.
“The message is clear: now is the time to review your super position.
“Strengthen your retirement income plan, ensure your structures are flexible and tax planning will all play a crucial part ensuring more of your wealth stays where it belongs, working for your retirement.”
Disclaimer: The information provided in this article is general in nature and does not constitute personal, financial, or professional advice. While every effort is made to ensure accuracy at the time of publication, laws and regulations may change. Readers should seek independent financial, legal, and tax advice that considers their individual circumstances before making any decisions.
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