What happened
Netwealth’s 2026 High Net Worth Investor Report revealed that proposed Federal Budget measures are driving significant changes in investor allocation. Key regulatory drivers include the Division 296 tax on superannuation balances over $3 million, proposed adjustments to negative gearing and capital gains tax, and minimum tax thresholds for discretionary trusts.
Why it matters here
Proposed superannuation and trust tax changes are disrupting established wealth preservation models for affluent Australians. Consequently, 64 per cent of ultra-high-net-worth individuals surveyed intend to follow professional financial advice over the coming year to navigate regulatory uncertainty, interest rate shifts, and market volatility.
What to watch
Parliamentary progress on the Division 296 superannuation bill and additional Treasury guidance detailing proposed discretionary trust taxation thresholds.
Source
professionalplanner.com.au