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Talk of a $5M Cap on Superannuation Balances., page-199

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Old Engineer

5,005 Posts.

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01/03/23

21:35

Post #: 66548518
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Originally posted by sholtz: ↑

Yes that’s right, any earnings above my example are taxed at 30%.

This has basically been a back door way of stopping franking credits to larger funds, Mum and Dads will still get them.

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Bet the industry super funds will still get the franking credits, they have a lot of pull with Labor.
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