Div 296 Explained – Practical Planning for Members Near (or Over) $3 Million

Beyond the headlines: practical Div 296 planning for larger super balances.

Division 296 represents one of the most significant changes to the taxation of superannuation in decades, particularly for members with balances approaching or exceeding $3 million. While the policy intent is now settled, confusion remains around how the tax actually works, who is affected, and what – if anything – should be done before the first relevant balance test.

 This session is designed to move beyond speculation and media commentary, and focus on practical, real‑world implications of Division 296. We will explain how the tax is calculated, how it interacts with existing superannuation rules, and what planning considerations may be relevant for members near (or over) the $3 million threshold — particularly in an SMSF context.

Learning Outcomes:

Attendees will gain clarity on:

• How Division 296 actually works — and what it does not do
• Who is likely to be affected now, and who may be affected over time
• How the $3 million threshold operates and why timing matters
• How earnings are calculated for Div 296 purposes
• The interaction between contributions, withdrawals, pensions and Div 296 outcomes
• Common misconceptions and planning traps to avoid
• Practical considerations for members close to the threshold versus well above it

Suited to:

SMSF administrators, accountants and financial advisers from small to medium practices.

This On Demand recording Includes: 

• Recording of the Live Webinar, which can be viewed multiple times, for as long as required 
• Presenters contact details for follow up questions 
• CPD Quiz
• CPD Certificate 
• CPD Report – Logged automatically 
• PowerPoint Presentation
• Verbatim Transcript, with Searchability
• Supporting Documentation