With the introduction of Division 296 from 1 July 2025, clients with super balances over $3 million are already taking notice – and in many cases, taking action.
Some are choosing to withdraw funds now, thinking they’re getting ahead of the new tax. But many are doing so without understanding the broader consequences, from losing valuable tax concessions to compromising estate planning outcomes.
For accountants, this creates both risk and opportunity.
At TAG, we’ve developed a Division 296 Consulting Document to help you step in early with clear, general guidance – so your clients make informed decisions, not rushed ones.
A Practical Tool for Complex Conversations
Our consulting solution is designed to bring structure and clarity to conversations around Division 296. It includes:
- “You are affected” analysis – Based on 2023–24 balances, we calculate your client’s potential exposure
- Options available – Keep funds in super, withdraw, restructure—each with pros and cons
- Implications of action – Modelling the real impact on retirement income, estate planning, tax concessions and cashflow
- Next Steps– Highlighting what needs to be reviewed annually moving forward and what actions need to be taken
Why This Matters Now
We’re seeing clients react before understanding the full picture. Some are pulling money out of super unnecessarily, only to trigger other tax events or create long-term problems.
As their accountant, you’re in the best position to guide them – but you need the right tools to do so.
This is where TAG comes in. Our consulting document helps you strengthen your client relationships, by providing a clear view of where they stand and the consequences of different decisions, without having to provide formal financial advice.
Support That Keeps You in Control
We can prepare the consulting report behind the scenes for you to present, or support a joint meeting if that’s more efficient. You stay at the centre of the client relationship – we just help you elevate it.
Clients need clarity – before they make irreversible decisions.
Contact TAG to discuss how we can help you support your top-tier clients through this change. Get in touch at super@tagfinancial.com.au.
Disclaimer: The information contained is general in nature. Professional advice should be sought before acting on any aspect on this page. Financial planning services provided by TAG Financial Advisors Pty Ltd (ABN 77 154 205 017 AFSL 415632), a wholly owned subsidiary of TAG Financial Services Pty Ltd (ABN 67 075 374 686). Copyright 2025. Please do not reproduce without the expressed written consent of the author.