Tax with Max: Super and the election

Plus: planning re-contribution strategies and negotiating the unknowns in this election campaign.

Summary: The coalition's super proposal works as a 'reasonable benefit limit' on pension accounts over $1.6 million, adjusted in line with CPI. The Labor policy appears to set a limit of $1.5 million, but this is actually less because combined super pension accounts earning more than $75,000 would pay 15 per cent on the excess - effectively paying tax on accounts of more than $1.165m.

Key take out: Super is going to change regardless of the election outcome.

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