Labor’s proposed Division 296 tax adds new costs for clients with super balances above $3 million.

While super remains tax-effective for most retirees, higher-balance clients should explore alternatives.

This article explains how the rules work, provides case study examples, and outlines options such as non-super investments, insurance bonds, and lifetime income products.

Authors: Jim Hennington & David Orford

Read our research: Why Lifetime Income Products Belong in Every Adviser’s Toolkit.