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Talk of a $5M Cap on Superannuation Balances., page-190

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Hittman

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01/03/23

15:39

Post #: 66541177
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Originally posted by Old Engineer ↑

The zero tax on $1.9M in a private pension not being counted towards the $3M cap is pretty well hidden in the reports to date.

I certainly was under the impression that the 30% tax kicked in when the total value of the super account (pension+accumulation) hit $3M.

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To be fair, if any amounts that are less than $3M then there is zero change to those conditions so it is sort of a given that that status quo remains.

It is why the are saying 99.5% of people are unaffected (for now)
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