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Talk of a $5M Cap on Superannuation Balances., page-159

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Golden Fleece

3,512 Posts.

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28/02/23

16:58

Post #: 66518010
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Originally posted by sholtz: ↑

"From 2025-26, the concessional tax rate applied to future earnings for balances above $3 million will be 30 per cent.

"This is expected to apply to around 80,000 people, and they will continue to benefit from more generous tax breaks on earnings from the $3 million below the threshold."

On this time line, the measure would take effect after the next federal election.

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It will be interesting to see the details

Wonder how it will work for the industry super funds?
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