When do the new super rates start and who pays them?

Rates of 30% on earnings for $3m–$10m balances and 40% above $10m apply from July, once the bill becomes law. They target only the portion of earnings tied to balances above $3m. Most Australians with smaller super balances will see no change to how their earnings are taxed.

What is changing with the low-income super tax offset (LISTO)?

LISTO increases to $810 from 1 July 2027. It helps workers whose super contributions may be taxed above their income tax rate. To benefit, ensure your fund has your tax file number and your employer pays super on time. Consider steady contributions to maximise compounding over time.

How could these changes affect property investing?

The Greens Labor super deal may be followed by talks on the CGT discount and negative gearing. If policy shifts, leveraged property returns could change, at least in sentiment. Investors may reassess allocations toward listed real assets or diversify into income and growth strategies with more liquidity and lower gearing.

What should high-balance SMSFs do now?

Audit your total balance, asset valuations, and pension status. Model after-tax returns at 30% and 40% on earnings above thresholds. Review asset placement across super and non-super accounts, consider liquidity for tax bills, and seek licensed advice before 30 June to confirm contributions and documentation under the new settings.

Global Market Insights

Australia Super Tax March 11: Greens Back Labor; Senate Set to Pass

ByDanny Kontos March 11, 2026March 11, 2026

Australia’s superannuation tax changes are set to clear the Senate after the Greens backed Labor’s bill. Earnings on super balances over $3m will face 30% tax up to $10m and 40% above $10m from July. The low-income super tax offset will rise to $810 from 1 July 2027. We explain who pays more, why the Greens Labor super deal matters, and how this could shift portfolios and property sentiment this budget season for Australian investors.