"What tax concession on super?"Are you SERIOUSLY not aware of...

  1. 436 Posts.
    "What tax concession on super?"

    Are you SERIOUSLY not aware of the tax loophole with super???

    Let me explain it to you... it's very simple

    1/ Anyone OVER the current retirement age can sacrifice their entire wages into super.

    2/ It gets taxed at 15%

    3/ then, since they're over the retirement age, they can draw on their super tax free.

    So, regardless of their income, they've essentially paid 15% income tax.


    This is worth over $20 billion in lost revenue annually
 
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