Division 296 super tax and practical things to consider
Proposed Division 296 super tax: If your total super balance exceeds $3 million, you may face an extra 15% tax on part of your earnings.
New Law: ATO Interest Charges No Longer Deductible from 1 July 2025
From 1 July 2025, ATO interest charges (GIC & SIC) will no longer be tax-deductible. Businesses and individuals should plan ahead to avoid unexpected non-deductible costs.