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Would Labor tax SMSF pensions over $75,000 ?, page-2

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bacci

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02/05/19

12:07

Post #: 38372947
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Originally posted by NANDINA ↑

I have just been seen a publication by a well known accounting/SMSF software provider. it is an excellent publication which presents an outstanding case against Labor's tax and superannuation policies.

But it says that "Labor has also said it will tax pensions over $75,000". I have not heard of that proposal before

Has anyone else heard about it

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Yes,
It is ALP policy that for pensions in pension mode earnings over $75,000 which would otherwise be tax free will be taxed at 15%.

It hasn't been clarified whether this tax will be at individual or fund level. If its the latter then once again this will only apply to SMSFs

Looks like the ALP is trying to wipe out SMSFs.

bacci
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