Taxing the super to pay the poor…
Play
Stop
In a Robin-Hood like move the Treasurer is expected to announce in the Budget that the rich will have their super contributions taxed in order to fund a 30 dollar a week rise in the pension. Good news for pensioners but not for those intending to fund their own retirement. High income earners who have been able to put large sums of money into super to avoid paying some of their tax have had those contribution limits halved. But will the changes be unfair to self funded retirees?
(Visited 1 times, 1 visits today)
Download Audio