As of March 2026, the Australian Parliament has passed the Building a Stronger and Fairer Super System Act. This introduces a tiered tax system for super balances exceeding $3 million. For specialists who have been aggressively funding their SMSFs or retail funds, this is a significant shift:
- The Change: Earnings on the portion of a balance between $3M and $10M are now taxed at an effective 30% (up from 15%), and balances over $10M face a 40% rate.
- The Story Angle: “Is your SMSF still the most tax-effective vehicle?” This story would explore alternative structures—such as investment bonds or family trusts—that may now be more attractive for high-earning medical professionals looking to house their wealth outside of the $3M super cap.