Question: My question is about proposed division 296 tax. To those still working but with $3 million or close to it in superannuation, should they keep putting more in or find other investments outside super? If so, what? Insurance bonds, trusts, or invest in your own name? Or is super still the most tax-effective structure available while still earning a wage, and at what point does it become less attractive? Adam

A: The government’s proposal to apply an additional tax on superannuation balances above $3 million has drawn plenty of attention – not just for the immediate impact on roughly 80,000 people but also because the threshold is not indexed.