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This is a 10% tax on the balance of super, and also by making super a worst investment, people will put their money elsewhere, which means anyone with share will also suffer
This is on top of the tax on our home, ALP is reducing demand for housing by limiting investors by reducing CGT discount and negative gearing. When you reduce demand for housing, the price will reduce, this will cost us 4-6 % of the price of our home.
If you own a $700,000 unit with a $500,000k mortgage and have $500k in Super, the ALP is about to make you worse off by $80,000
If you own a $1,000,000 home and a $1,000,000 in Super, the ALP will make you around $150,000 worse off
