So, why is everyone squealing? I just don’t get it. Surely they’re not all a bunch of entitled Karens?
unrealised gains have been used for years in superannuation calculations.... it is not a new thing. unrealised gains are aleady used in calculations that result in money being removed from funds, so unrealised gains is not the issue per se. the construction and application of a new superannuation tax is the issue.
trustees have choices about how they can/will deal with the 296 tax. the peeps that are between a rock and a hard place are the pre-retirement age accounts (so only in accumulation phase) that have a +$3M balance. they are kinda stuck with less choices (but still have structural choices).
