From www.heffron.com.au: Div 296 of superannuation legislation is being reconsidered, with potential implications for individuals with superannuation balances over $3 million starting from July 2025.

Individuals need not panic, as tax implications will primarily depend on the value of super at the end of the financial year, rather than historical balances.

Studies show that superannuation remains an attractive tax environment even for high balances, and changes may necessitate careful financial planning to mitigate tax impacts.