In episode 15 of The SMSF Experts, we tackle the latest development in superannuation: the new $3 million super tax.
Although the measure is not law yet, it has already sent shockwaves through the SMSF industry for two major reasons:
- the Div 296 tax will be applied to both realised and unrealised gains
- it must be paid personally by the member.
To help us understand the implications of Div 296, we’re joined by Julie Steed, Senior Technical Services Manager at Insignia Financial.
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