Thomson Wealth Financial Advice Canberra

This was the view from Mt Taylor this morning.

Did you exercise today in Canberra too?

Over 17,000 push ups done by Team Thomson Wealth over the last 24 days.

It isn’t too late to donate to Team Thomson Wealth and nominated charity headspace Canberra

https://www.thepushupchallenge.com.au/fundraisers/giannathomson/the-push-up-challenge

If you’ve spent decades building wealth inside super… this matters.

From 1 July 2026, super balances over $3 million will face higher tax under the new Division 296 rules.

For many successful families, farmers and business owners, this raises an important question.

Is super still the best place for all long term wealth?

I’m hosting an education lunch in to unpack what these changes mean and why investment bonds are starting to come back into the conversation.

This session was actually sparked by a conversation I had with my dad (who farms locally) about the impact of the new tax and how he can potentially reduce tax for himself and the next generation.

If you want to better understand:

✔️how Division 296 works
✔️what it means for larger super balances
✔️how investment bonds may complement wealth outside super
✔️and how to think about tax and succession planning

this session is for you.

📍 Bull & Bell Steakhouse, Griffith
📅 1 May
🍽 Lunch provided
⚠️ Seats are strictly limited

👉 Register via Eventbrite (message me for link).

https://www.eventbrite.com.au/e/super-balances-over-3m-division-296-tax-and-investment-bonds-explained-tickets-1985180487277?utm_experiment=test_share_listing&aff=ebdsshios&sg=e3aee8e24bb6f68dffb541ccc74044f91180e2801d9e5dc070203e5c43c4924d673b975346d47d3ec9fff59072974e24bc34b776845ddbb12b5d509c954d165883f9b3a30159f36b312be416dd9a

📣 Have a Defined Benefit? You Might Still Be Hit by Div296 tax

From 1 July, the new Div296 tax will apply an additional 15% tax on super balances over $3 million (even more on $10m+).

But if you’re in a defined benefit (DB) scheme like PSS or Military Super, you could be affected even if your balance is under $3M—especially if you also have other super in retail, industry, or SMSF funds.

Why?
Because the ATO will estimate your DB value using a formula that hasn’t been finalised yet. And depending on the number they choose, your “notional” balance could suddenly tip you over.

🔍 Here’s what I’m keeping a close eye on:

– How will DB pensions be valued?
– Will indexation be treated as ‘earnings’?
– How do these new rules interact with existing DB tax law?
– Could reversionary or temporary pension increases trigger a tax bill?
– Will there be any transitional relief for long-time members?

At Thomson Wealth, we’re prioritising our Family CFO clients. Running modelling now to help them make informed decisions about cash flow, retirement timing, and tax planning.

📆 If you’ve got a DB pension and haven’t had personalised advice yet, now’s the time to act.

🗓️ Book a free 15-minute call via the link in bio.

⚠️ General info only. Final rules may still change.