It is not a myth that superannuation is taxed concessionally.
Tax is paid on concessional contributions at 15%. For most people, this is a concession on the marginal tax rate they pay on their ordinary salary/wage income.
Deductions are available to either the employer or individual for the concessional contributions made.
No tax is paid on non-concessional contributions.
Tax is paid on earnings at 15%. For most people, this is a concession on the marginal tax rate they pay on their ordinary investment income.
You talk about the compounding effects of the 15% tax, what about the compounding effects of 47% tax if paid as salary, or as investment income?
I also disagree that we are taxed on all three phases. Superannuation withdrawals are tax free once you reach 60 years of age and meet a condition of release. Can you please provide an example of a 65 year old superannuant being taxed on monies they have withdrawn from their superannuation account as either an income stream or lump sum?
