In today's special edition of your Eureka Report you'll get a very clear idea of what really happened in Tuesday's Budget and what investors like you should do next. Also don't forget we have a live webcast on the Budget and its potential outcomes at 2.30pm which I'll host with guests Robert Gottliebsen and Dr Doug Turek (you will be able to view the video at 2:30pm tomorrow via this link: click here.)
The outstanding point to understand this week is that Treasurer Scott Morrison has broken a central principle of the superannuation system: Until now investors have worked on the assumption that once you finally made it into retirement, your savings inside that tax shelter would never be touched by the government...that's no longer true.
Put simply, the Treasurer has imposed a tax of 15 per cent on every dollar over $1.6 million you might have in super. This is how it will work:
The investor's guide to the budget
Our experts on the next steps for your portfolio.
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