Hope this News Corp report is right: "Instead, Labor says only earnings on balances above $3 million will be taxed at a maximum 30 per cent rather than the current maximum 15 per cent. Large super accounts will “continue to benefit from more generous tax breaks on earnings from the $3 million below the threshold,” it says.
This suggests a couple can still have $3 million each in super taxed at just 15 per cent, plus another $1.9 million each in zero-tax private pensions. That’s almost $10 million per household of low-tax nest eggs."
