Super is an expensive way to provide retirement incomes ,it cost far more than a universal pension would cost.
Already the super contribution tax foregone by the federal government is about the same as the cost of the pension and then there is the $32 billion paid in fees,both of these costs are rising and the present super system is making rich people richer at the expense of the poor.
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- 15% tax on ALL super balances in RETIREMENT
15% tax on ALL super balances in RETIREMENT, page-3
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