Wednesday, March 1, 2023

"shifting the goalposts on a long term investment" - angst over superannuation changes

Not surprisingly, Australians with superannuation balances of more than three million dollars perceived as being wealthy are unhappy about paying more tax on their nest egg's earnings from mid-2025.

While the sudden change is broadly welcomed as necessary, there are complaints that the super goal posts have been moved on what's meant to be a long term investment.

Tony Negline is superannuation leader from Chartered Accountants Australia & New Zealand - and he speaking with our senior business correspondent Peter Ryan.

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