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pollies will change it to suit their own agenda , no level...

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debarwa

4,556 Posts.

196

23/12/22

14:53

Post #: 65432480
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Originally posted by noddy10: ↑

The AFR is now saying that the $5M overall cap is likely to be in the May budget as is the "freezing" of the rise of the TBC to $1.9M due to indexation for July next year.

The first is reasonable and will take some of the heat out of the arguments from the anti-super brigades when they can't point to massive $100M SMSFs.

The freezing of the indexed rise of the TBC balance cap would be just deceitful and a horrific example of everything that's wrong with politics and the way they just play around with Super and people's futures with a stroke of the pen.

I agree with an indexed $5m overall cap but not when the word "indexed" means nothing and can't be trusted. Indexing something is a commitment in advance to agree an a change in lockstep with CPI increases. If the Govt of the day can't be trusted to let indexation occur as agreed when caps are introduced, then the whole thing is a sham.

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pollies will change it to suit their own agenda , no level playing field here
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