NTAA submission in relation to additional 15% super tax

May 2023

As reported in the April 2023 edition of Voice, the NTAA has numerous concerns about the Federal Government’s proposed measure of imposing a 15% additional tax on individuals with a total superannuation balance (‘TSB’) of more than $3 million from 1 July 2025. 

The NTAA has sent a detailed written submission to Treasury setting out our concerns, some of which were summarised in the April edition of Voice and we will keep members informed regarding this proposed measure. Click here to view a copy of our submission.