Talk of a $5M Cap on Superannuation Balances., page-7

  1. 3,512 Posts.
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    "Super should only be taxed once and that would be upon retirement when the income stream begins"

    Superannuation is taxed at VERY low rates;

    tax on contribution 15%

    tax on earnings (in accumulation phase) 15%

    tax on earnings (in pension phase) NIL

    PLUS in all three cases above the fund receives offsets of imputation credits at 30% - what the hell more do you want?



    "We are the only country that changes the rules every election cycle."

    Examples please of the other countries; I only know of the Australian system of superannuation

 
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