Govts New Stance on Super

  1. 432 Posts.
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    So,...... here we have the Coalition who have received some very strong messages of disagreement from their base supporters, and the Labor Party who will still have a clear policy to tax super which will probably remain unchanged. This is an area that they both think needs to be taxed more. The Coalition might have to compromise and make the policy more palatable and less complicated , but rest assured that both parties will agree on some new set of rules and we will get some form of additional tax on super . The ferals in the Senate will not be able to change this. Continual changes to the super rules are destroying faith in the system and many will at least partially withdraw their funds and place them in safer havens or simply spend it , and don't forget the tax free thresh-hold is $18,000 so to earn that $18,000 you could withdraw $360,00 or more, invest it in reliable dividend blue chip stocks and get fully franked dividends all tax free.
    We will be the only country in the world that taxes super(retirement funding) at all three levels. We are also the only country in the world that constantly meddles in super every election cycle.
 
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