for opinions on the new changes see:
For tho\ase like the innumerate Gerard Henderson if you have OVER $3m in your super account ( and of course you are still working) then you are rich and can well afford the new tax.) Think about it. you either earn a bucket load of money and/or have contributed a lot yourself like Ross Gittins!
The best thing to do is to align super and income tax. At present if you get $100k in super you pay no tax but if you earn that you pay quite a lot of tax.
IF you are going to get rid of any taxes then it should be the tax on contributions and earnings.
The other thing is super is there for a person's retirement. It aint for estate planning and therefore it should not be allowed to do this!
The aim is for people to retire and not get the pension and any ancillary benefits.
A little bit of history. Keating wanted to align super with income tax with little taxes on contributions and earnings but Kelty said no. workers deserved to get all of their super without any tax and then get the pension. Hawke then caved and thus we got the complexity and three taxes on super.
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