Division 296 Calculator

Division 296 proposes an additional tax on superannuation earnings associated with very large super balances.

Whilst Div 296 hasn’t been legislated yet, if passed, the first assessments will occur after the 2026/27 financial year for individuals with a total superannuation balance (TSB) above $3 million. The tax is calculated at 15% on earnings linked to balances over $3 million, with an extra 10% applying to earnings on amounts above $10 million.

This calculator helps you estimate whether you might be affected by Division 296 and how the tax would be calculated based on your end-of-year super balance and realised earnings.

What is Division 296?

Division 296 is an additional tax that applies to individuals with very large superannuation balances. It is separate from existing fund-level taxes and is assessed personally, rather than at the fund level.

What earnings are used?

For the purposes of this calculator, earnings refer to realised earnings, such as Dividends, Interest, Rental Income and Realised Capital Gains. Unrealised gains (often referred to as “paper gains”) are not included in this calculator.

What this calculator does

This calculator estimates:

  • The proportion of your super balance above $3 million and $10 million
  • The portion of realised earnings attributable to those amounts
  • An estimated Division 296 tax payable, based on current rules

Division 296 Tax Calculator

End of year TSB means your total super balance at 30 June.
Use realised earnings (not unrealised “paper” gains).

Results

Proportion of earnings over $3m:
-%
Proportion of earnings over $10m:
-%
Earnings over $3m:
$-
Earnings over $10m:
$-
Estimated Div. 296 Tax Payable:
$-
This calculator provides an estimate only and does not constitute financial or tax advice.

Calculations:

The Division 296 tax is calculated based on the following:

Realised EarningsDividends, interest, rent and realised capital gains
Proportion of TSB over $3m threshold(End of year TSB − $3m) / End of year TSB
Proportion of TSB over $10m threshold(End of year TSB − $10m) / End of year TSB
Taxable Earnings over $3mEarnings × Proportion of TSB above the $3m threshold
Taxable Earnings over $10mEarnings × Proportion of TSB above the $10m threshold
Estimated Division 296 Tax Payable(Taxable Earnings over $3m × 15%) + (Taxable Earnings over $10m × 10%)

Division 296 does not tax your full earnings. Instead, it applies a proportional method:

  • Your end-of-year total super balance (TSB) is compared to legislated thresholds
  • A proportion of your earnings is attributed to the amount of your balance above: $3 million, and $10 million (if applicable)
  • Tax is then applied as follows: 15% on earnings attributable to balances over $3 million. An additional 10% on earnings attributable to balances over $10 million

This means individuals with balances above $10 million effectively face a higher marginal rate on the top portion of earnings.

Disclaimer:

This calculator has been developed by SuperConcepts as a guide to the proposed Division 296 rules. It provides general information based on the information you enter and a number of assumptions listed above. The projected figures generated by this calculator are not guaranteed and may vary from actual results.

This tool is intended as a guide only and doesn’t take into account your overall personal financial situation, needs, or objectives. This calculator is not intended to be relied on for the purpose of making a financial decision or a decision in relation to a financial product. Consider seeking advice from a licensed financial adviser before making financial decisions.

Superannuation and tax rules may change over time, and the calculations reflect the proposed rules at as 1 March 2026. SuperConcepts expressly disclaims all liability for any loss arising from the use of this calculator or reliance on its results.

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