Well, it looks like it will be a $3M Cap for High Balances now.
Just have to wait for them to leak out more on how will it will actually work.
Common practice for government to leak out ideas to gauge public perception.
No brainer it is going to happen, only affects 1% of Super Accounts they say. Not enough to lose an election over.
Comments on media articles are quite high in number from the other 99% saying, yeah tax em more.
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- Talk of a $5M Cap on Superannuation Balances.
Well, it looks like it will be a $3M Cap for High Balances now....
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