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Why IMU is a multi multi bagger, page-11699

  1. 629 Posts.
    lightbulb Created with Sketch. 68
    Not sure that I agree with you there.
    The change is based around the level of tax paid on profits within super.
    Govt have deemed that $3m super is more than enough for "normal" people to retire on.
    Should you have more than that, then you would pay a higher tax rate on profits made within super.
    Personally, I think that is long overdue.
    You do realise that the estimate is that it will only affect a small percentage of people (I believe less than 10%).

    And whilst we are on that subject, I also believe that the CGT 'free' period of only 1 year is more than generous.
    Just my opinions.


 
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