tony abbott - true to type, page-11

"What tax concession on super?"

Are you SERIOUSLY not aware of the tax loophole with super???

Let me explain it to you... it's very simple

1/ Anyone OVER the current retirement age can sacrifice their entire wages into super.

2/ It gets taxed at 15%

3/ then, since they're over the retirement age, they can draw on their super tax free.

So, regardless of their income, they've essentially paid 15% income tax.


This is worth over $20 billion in lost revenue annually