Australians with more than $3 million in super are now facing an additional layer of tax under Division 296. But changes outside super have also altered the calculation for anyone thinking about withdrawing money and investing it elsewhere.

Sean Aylmer speaks with Meg Heffron, Managing Director of Heffron, about how Division 296 works, why valuations matter particularly for SMSFs, who needs to start planning now, and why super may still be the most attractive place for people with balances between $3 million and $10 million.

This episode was recorded at Class Ignite 2026. Class is a supporter of Fear & Greed.

This is general information only, and you should seek advice tailored to your circumstances before making investment decisions.