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Talk of a $5M Cap on Superannuation Balances., page-195

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sholtz

2,118 Posts.

793

01/03/23

17:08

Post #: 66543629
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Originally posted by Old Engineer: ↑

The H-S is saying that this fund will not pay 30% tax until it exceeds $9.8M= tax free 2 x$1.9M plus 15% tax on 2 X $3M.

In other words, the funds in pension phase are not part of the $3M cap.

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Well whomever wrote that for the H-S is dumb, I have read the treasury press release and it is clear to me which is why I gave the example.

BTW, I would be very pleased if the H-S was correct.

Last edited by sholtz: 01/03/23
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