Will Labor’s planned super tax concessions be too hard to implement?
There’s a growing push for the government to address super tax concessions in this year’s budget. The concessions have allowed thousands of Australians to pour millions of dollars into their super funds tax free.
Labor says they can save $14 billion over ten years and make the superannuation system more sustainable tax by taxing super earnings of more than $75,000 at 15 per cent and dropping the threshold for the High Income Superannuation Charge from $300,000 to $250,000.
But will their scheme be too complicated to implement?
We talk to Rosalie Degabriele, Lecturer in Finance at the UTS Business School.
