07 3262 6585 Book a time

Picture Book · Account-based pension vs TTR

Very large balances

Story pages

A man around seventy with silver hair and glasses walking through a vineyard in autumn
Meet Arthur. He's 70 and has a very large super balance.
A grand old tree with a wide canopy in a sunny paddock
From 1 July 2026, extra tax applies to people with more than $3 million in super. It's law: the Act received Royal Assent on 13 March 2026.
Water flowing over the edge of an overfull stone birdbath
An extra 15% applies to the share of earnings linked to the part of his balance above $3 million, and a further 10% to the part above $10 million.
A wide view of a farm with several paddocks and water tanks
It looks at his whole super balance, including money in retirement-phase pensions.
A wall calendar beside a window with blank pages
For 2026-27 it's based on his balance on 30 June 2027. The thresholds are indexed after that.
A man around seventy with silver hair and glasses sitting on a verandah overlooking a vineyard
Treasury says it will affect fewer than 0.5% of Australians in 2026-27. Arthur gets advice on his own position.

The end

Want this for your situation?

Every situation is different. One of our advisers can help you work out what applies to you.

Book an appointment with one of our advisers

Next story: Two pensions, one super

General advice warning. This picture book is general information only. It does not take into account your objectives, financial situation or needs, and it is not personal advice. Rules and thresholds change. Before acting, consider whether it is right for you, read any relevant Product Disclosure Statement and our Financial Services Guide, and seek personal advice. Past performance is not a reliable indicator of future performance.

Information as at 27 October 2026. Sources:

1 / 7

Swipe, use the arrows, or press ← → on your keyboard.

Want this for your situation?

Every situation is different. One of our advisers can help you work out what applies to you.

Book an appointment with one of our advisersor call 07 3262 6585

Keep exploring: More account-based pension vs ttr stories · All picture books · Age Pension what-if planner · Cost-of-living help for homeowners