7 ways the wealthiest will beat the $3m super tax

Investment bonds, gifts to kids or just copping it sweet? Here are seven strategies wealthy Australians are using to navigate the proposed super tax.

In many cases the best option will be to do nothing. Simon Letch

Michelle Bowes and Joanna Mather

Updated Jun 3, 2025 – 11.55am, first published at May 30, 2025 – 5.21pm

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At a press conference in early 2023, Prime Minister Anthony Albanese and Treasurer Jim Chalmers announced their plans to impose a higher tax rate on the earnings of superannuation balances above $3 million.

The measure would help pay down the $1 trillion debt inherited from the previous government, Albanese said.

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Michelle BowesWealth reporterMichelle Bowes writes about personal finance from our Sydney newsroom. She has been a business journalist for 25 years and is the author of Money Queens: Rule your Money, an award-winning personal finance book for teenage girls.

Joanna MatherWealth editorJoanna Mather joined the AFR as an education reporter in 2008. She spent four years in the Canberra press gallery before becoming superannuation reporter in 2016, deputy news director in 2021 and wealth editor in 2023.