Actually, Gen Z stand to be the biggest winners from the new $3 million super tax
- Written by Brendan Coates, Program Director, Housing and Economic Security, Grattan Institute
As debate rages about the federal government’s plan to lift the tax on earnings on superannuation balances over A$3 million, it’s worth revisiting why we offer super tax breaks in the first place, and why they need to be reformed.
Tax breaks on super contributions mean less tax is paid on super savings than other forms of income. These...
