As I understand it, the proposed changes impact only those funds that have been converted to pension mode and currently pay no tax on earnings/capital gains. Usually in such situations the funds are invested in conservative assets as consistency of income is the most desired outcome.
If the fund accrues income of of over $100000 from its assets regardless of the asset value a 15% tax on amounts over $100000 is not that onerous to a retiree of which I am one.
My first $100000 of annual income would be tax free and I would pay 15% on any excess over the $100,000 annual income. Still a very good position to be in.
