{"id":480865,"date":"2026-06-16T22:50:11","date_gmt":"2026-06-16T22:50:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/480865\/"},"modified":"2026-06-16T22:50:11","modified_gmt":"2026-06-16T22:50:11","slug":"division-296-tax-impact-on-defined-benefit-pensions-still-unclear-with-just-two-weeks-left-to-go","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/480865\/","title":{"rendered":"Division 296 tax impact on defined benefit pensions still unclear, with just two weeks left to go"},"content":{"rendered":"<p>More than three years after announcing a new <a href=\"https:\/\/www.afr.com\/politics\/federal\/actu-says-chalmers-super-tax-must-be-indexed-20250701-p5mbiz\" rel=\"nofollow noopener\" target=\"_blank\">tax on high-value superannuation accounts,<\/a> and two weeks before it comes into effect, the government has yet to explain how the impost will apply to those on defined benefit pensions, including scores of retired MPs.<\/p>\n<p>Frustrated financial advisers seeking answers for clients, be they former politicians, public servants or defence force personnel, are being told by the Commonwealth Superannuation Corporation, which manages public defined benefit accounts, that it is also in the dark.<\/p>\n<p>Loading&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"More than three years after announcing a new tax on high-value superannuation accounts, and two weeks before it&hellip;\n","protected":false},"author":2,"featured_media":480866,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[138,246,111,139,69,244,245],"class_list":["post-480865","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-finance","tag-new-zealand","tag-newzealand","tag-nz","tag-personal-finance","tag-personalfinance"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/480865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=480865"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/480865\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/480866"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=480865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=480865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=480865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}