imo, most of the Australian population cannot afford to save for their retirement & cannot afford to make voluntary superannuation contributions
yet those who can afford making contributions are being taxed 15% on their contribution
the government has realised the 15% supertax is just helping the wealthy and placing the taxation burden on the less wealthy
nothing stops anyone saving for their retirement at ordinary marginal tax rates
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- my letter from the tax office
my letter from the tax office, page-2
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