Ding dong the Pension Tax is dead

Great news this week, with the Coalition announcing they'll dump the proposed Pension Tax (the tax on earnings over $100,000 of super accounts in pension mode).After concerns the Coalition would proceed with this tax, it appears their discussions with the super industry have made them realise what an impractical proposal it was. We didn't even need to get to the stage of fixing up the inequities in it.Every superannuation member in the country should breath a sigh of relief (even those with large balances might be the big winners) since the cost of negotiating the detailed rules and administering the...

Great news this week, with the Coalition announcing they'll dump the proposed Pension Tax (the tax on earnings over $100,000 of super accounts in pension mode).

After concerns the Coalition would proceed with this tax, it appears their discussions with the super industry have made them realise what an impractical proposal it was. We didn't even need to get to the stage of fixing up the inequities in it.

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