Going by that site it has changed, there is no 30% at all.
Individuals are taxed differently depending on their Super balance.
And get this, not only will you pay tax on your drawings when in retirement but you will be taxed twice on gains. Firstly on the Superfund paper gain amount from the previous FY and then again when you actually realise the gain by disposing of the asset.
The site doesn’t make a great deal of sense anyway as their Carlos example has him retired at the age of 69 with $10m in his SMSF, they have him drawdown $150k when as far as I’m aware it should be $500k which is the standard minimum drawdown rate for his age bracket. 5%
I think this new Super tax is currently half baked and needs a fair bit of refinement before being legislated.
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