Fri, 24th Oct 2025

In the latest Superannuation News Wrap, Financial Services Online discusses the Australian government's recent revision to the controversial 2023 superannuation tax changes, which now target accounts over three million dollars, beginning from July 1, 2026. This move is expected to lessen burdens on average-income workers and self-managed super funds, with a raised tax on realised gains from 15% to 30%, indexed for inflation. While it's encountered resistance, this change is anticipated to contribute over two-and-a-half billion dollars annually by 2029. Additional topics include industry and regulatory reactions to the collapse of Shield and First Guardian funds and Macquarie's commitment to buyout Shield investors' holdings, as well as measures being taken to prevent future financial missteps. Further updates and in-depth information about superannuation matters are available on the Financial Services Online website.