June 29, 2026

Luke on 2CC – Superannuation Changes from 1 July 2026

17 minutes

Financial Planner Luke Smith joined 2CC Talking Canberra in Money Matters, that aired live on Friday 26 June 2026 with 2CC’s Leon Delaney. The topic is: Superannuation Changes from 1 July 2026. In this episode Luke takes a deep dive into the changes to super starting in the new financial year which is just around the corner. By understand the changes, you can assess what your own financial opportunities are and set goals to make the most of them.

But before they dive into this week’s topic, they have a quick chat about the Socceroos vs Paraguay, and Australia advancing to the next stage.

Thank you for joining us live on 2CC, YouTube, Spotify or your favourite podcast streaming service for ‘The Strategy Stacker – Luke Talks Money’.

Key topics covered include:

A new financial year is just around the corner, do you know about the changes?

Should SMSF’s be allowed to borrow money to buy residential property? You can’t anymore.

Council red tape removal might be a better way to help supply!

From 1 July 2026 you can make a concessional contribution of $32,500 (a tax-deductible contribution), it was previously $30,000.

From 1 July 2026 you can make a non-concessional contribution of $130,000 (no tax deduction), it was previously $120,000.

If you use the non-concessional bring forward rules, it means you can now get $390,000 into super in one go.

The Transfer Balance cap for those starting a pension becomes $2.1 million, previously $2 million. This gives you to have more money in a tax-free environment at retirement.

The Total Super Balance becomes $2.1 million, previously $2 million. This deals with how much money you can get into super.

Employee superannuation contributions now must be paid by employers every fortnight – so check your employer is meeting their obligations if you’re an employee.

Division 296 tax is an additional tax imposed on superannuation earnings for individuals with total super balances exceeding$3 million. This tax will come into effect on 1 July 2026 and applies to earnings earned during the 2026–2027 financial year and subsequent years.

Government co-contribution arranges into super are slightly rising too, check your eligibility if you’re earn less than $64,000 and meet the requirements, which include making a non-concessional contribution to your super.

The Small Business CGT Cap is increasing, which might be advantageous to small business owners who sell a business. It is complicated and there are rules, so seek advice. For the 2026-2027 financial year, the lifetime cap will be $1,935,000.

Luke shares his thoughts on making the most of your super –

https://www.envisionfinancial.com.au/wp-content/uploads/2026/06/The-Strategy-Stacker-Luke-Talks-Money-26062026.mp3

Our podcast is also available on Apple Podcasts, Spotify and YouTube – ‘The Strategy Stacker – Luke Talks Money’

Do you need advice to grow your super or start planning for your retirement?

Superannuation changes start from 1 July 2026. If you’re thinking about doing more with super, explore the changes in regard to your own situation. Remember you can seek advice if you need help with super and retirement planning. Start by making an appointment to meet with Luke.

Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals, including investment, super and retirement (including transition to retirement). Simply make an appointment to confidentially discuss your goals. Call Envision Financial Services on 6260 4749. You can use the contact us form to make an appointment, for a confidential discussion about your own goals and situation.

Luke will return to 2CC to talk about other ‘Money Matters’ next week, we hope you can join us. You can also catch up with ‘The Strategy Stacker – Luke Talks Money’ podcast at a time that suits you.

We look forward to your company again. Luke’s book Smart Money Strategy is out now.

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By Luke Smith