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Talk of a $5M Cap on Superannuation Balances., page-174

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Jase71

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28/02/23

23:56

Post #: 66525887
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Originally posted by Hittman: ↑

I'm not talking 3 or 4 million either, by the time I reach preservation age, I hope to be looking at $25M to $30M.

It may not be in Superannuation though, with proposed Balance Caps being brought in. If the government make me take some out, or allow me to take some out prior to preservation age then I'll shift some money out of Super.

If it has to stay there until preservation age and be subjected to higher tax rates, which is a possibility, I won't be happy but I will have to work with it.

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Why would you need tax breaks with 25 to 30 million in super?

What am I missing here?
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