hi Boomer, it is a myth that super is taxed concessionally. We are the only country in the world that taxes super at all three phases. That is, contribution tax right up front up to thirty or forty years before we are eligible to collect. Then there is the tax on earnings in the fund during accumulation phase. Now we have the poorly thought out and complex cap on balances beyond which the balance goes back into accumulation and is taxed on earnings . Smart countries tax only once and that is on the way out when you retire. It is then taxed at normal rates. Uncomplicated and fair. Constant meddling by both sides of politics have created a very complex and inefficient system. Any further meddling will be met with an even bigger reaction than the franking credit debacle.
