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How family trusts and companies can help you avoid new super tax

Changes targeting balances over $3 million, set to be announced in next week’s budget, are forcing investors to review their strategies.

Duncan Hughes
Duncan HughesReporter
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Fears about proposed reforms from 2025 to superannuation accounts with more than $3 million are already encouraging savers to consider selling, splitting or switching super assets to other investment structures.

Investors are seeking advice about gifting, selling illiquid assets (such as commercial property) or setting up family trusts and investment companies to avoid planned taxes on unrealised capital gains.

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Duncan Hughes is a Walkley award-winning personal finance reporter, based in our Melbourne newsroom. Connect with Duncan on Twitter. Email Duncan at duhughes@afr.com.au
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    Original URL: https://www.afr.com/wealth/personal-finance/how-family-trusts-and-companies-can-help-you-avoid-new-super-tax-20230501-p5d4p3