I think the last few months talk about taxing the wealthy 16000 was just a diversionary tactic by the labor politicians.
They successfully managed to start a argument between SMSF group and and people on govt pension. The SMSF fund representatives got concerned and argued that the pension group should bear some of the burden.
Everyone should be concerned about paying tax on >100k ... once super returns pickup a lot of people with 1m in super will be caught in this trap.
I'm currently a self funded retiree due to my wifes refusal to move to a more expense establishment. I was planning to rearrange my assets so that I could get a part pension.
Labors motive, by introducing the deeming rule on super is to force as many people off Centerlink books.
Every group should unite and argue against these changes.
