Well the info is out there you just need to look and what happen when a 22 year old retires may surprise you, we both know we will not see it and neither will Albanese, with the damage will be done from now on.“An average 22 year old today earning average wages for the rest of their life will breach the $3 million limit unless the government indexes the threshold,” Ms Mousina wrote in her note.
The graph which shows current 22-year-olds are on track to hit over $3 million in superannuation by the time they retire in their 60s. Picture: Diana Mousina/LinkedIn“Do you think that the proposed $3 million superannuation cap tax won’t impact you because the Labor government said it only impacts 0.5% of people now? Think again!” Ms Mousina wrote.
She said savvy workers who made additional contributions to their super would end up with more.
Overall, she called the $3 million figure “conservative” and said the final amount was likely to be higher.
