Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 296 - Better targeted superannuation concessions  

Subdivision 296-B - Better targeted superannuation concessions  

Large superannuation balance threshold and very large superannuation balance threshold

SECTION 296-35  

296-35   Very large superannuation balance threshold  

The very large superannuation balance threshold is:

(a)    for the 2026-27 income year - $ 10,000,000; or

(b)    for the 2027-28 income year or a later income year - the amount worked out by indexing annually the amount mentioned in paragraph (a) .

Note:

Subdivision 960-M shows how to index amounts. However, annual indexation does not necessarily increase the amount of the threshold: see section 960-285 .