The super threat in MYEFO

Be alert but not alarmed about possible changes to tax concessions on super or the rate of CGT.

Summary: The Mid-year Economic and Fiscal Outlook shows the Government does not plan to cut spending. This makes it more likely that it will focus on further revenue collection in coming years. It will be very tempting for the Government to turn to easy revenue options.

Key take-out: Investors should not be alarmed, but keep an eye on commentators’ calls for an end to tax concessions on compulsory super or changes to capital gains tax exemptions.

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