Super changes 'fair'

It is not sustainable to continue to tax wealthy Australians' superannuation at the same level as everyone else's retirement savings, Superannuation Minister Bill Shorten (pictured) says. A proposal announced by Treasurer Wayne Swan on Friday is for super pensions and annuities earnings greater than $100,000 to be taxed at 15 per cent, instead of being tax free.

By InvestSMART · 8 Apr 2013

By InvestSMART ·
8 Apr 2013

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It is not sustainable to continue to tax wealthy Australians' superannuation at the same level as everyone else's retirement savings, Superannuation Minister Bill Shorten (pictured) says. A proposal announced by Treasurer Wayne Swan on Friday is for super pensions and annuities earnings greater than $100,000 to be taxed at 15 per cent, instead of being tax free.

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Super changes 'fair'

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