Earlier this week Treasurer Jim Chalmers raised concerns about super tax concessions costing more than the age pension by about 2050.
https://www.abc.net.au/news/2023-02-22/superannuation-changes-proposed-tax-concessions-cap/102007066
some people grumble that superannuation is a rort while others will tells how successful they have been at salting away money for their retirement.
SFMS has become a the golden ball that drops a fortune to some while others reckon its a rip off.
which is true? and should tax concession be restrained?
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- let Superannuation do what it was intended to do