Can I withdraw from my super to avoid the proposed $3m tax?

Can I withdraw from my super to avoid the proposed $3m tax?

The calculation for the new $3 million super tax can be difficult to wrap your head around. But there’s a simple bottom line.

Don’t break laws avoiding Div 296

SMSF members reducing their retirement savings balance below $3 million to avoid the Division 296 tax must remain within the super laws and avoid rash moves that breach them.

A deep dive into the proposed new super tax

This week’s episode of Investing Compass looks at why you need to pay attention to the new Div 296 tax in super.