RSM's talkBIG Podcast
talkBIG is RSM's business finance and economics podcast, helping you save, create and protect your wealth. This podcast delves into real-life stories and inspires listeners to talk and think BIG. This is edutainment at its finest, suited for financial geeks or newbies. Tune in and subscribe to get your hit of personal and business money talk.
RSM's talkBIG Podcast
Division 296 Revisited: Recent updates to the tax on superannuation
In this episode of the talkBIG podcast, host Andrew Sykes is joined by superannuation expert Katie Timms to break down the latest changes to Division 296 and what they mean for your retirement savings. Earlier proposals to tax unrealised gains on super balances over $3 million sparked widespread concern, but the government has now shifted to a tiered tax structure that targets actual income instead.
The discussion covers:
-The move away from taxing unrealised gains to a fairer, income-based approach
-How the new tiered tax system works for balances over $3 million and $10 million
-The impact on self-managed super funds, farmers, and those with illiquid assets
-Ongoing uncertainties around capital gains tax relief and administrative costs
-Practical advice for planning ahead of the July 2026 start date
Tune in for expert insights, practical tips, and what to watch for as further superannuation changes unfold. Don’t forget to subscribe for more updates on Australia’s evolving tax landscape
Thanks for listening! Visit the RSM Australia website to ask the hosts a question.
