Super wealthy in the firing line

A super storm is brewing and those with, or planning, big funds face severe restrictions.

There was a belief before the last election that an incoming Coalition government would be a reversal of fortune for superannuation – that the tide might start to come in again.

This was particularly hoped for in regards to concessional contributions limits, which had been squeezed and squeezed again under Labor.

But it’s increasingly appearing like it was more a “stay of execution”. A very temporary one.

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