The Super Honeypot

If the rumours are true - that the Government intends to impose a surcharge on contributions by those earning over $300,000 - then it serves as a timely reminder of the risks associated with super investing. As an aside it should also provide a nice windfall to those promoting 30 June products due to the extremely high effective tax rate it imposes on the $300,000-400,000 bracket. It is possible a person earning $325,000 (and contributing the max to super) will end up with a marginal tax rate in excess of 60%. That might be good for investment bankers but it...

If the rumours are true - that the Government intends to impose a surcharge on contributions by those earning over $300,000 - then it serves as a timely reminder of the risks associated with super investing.

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