Australian Superannuation: The first five Reasons it’s Not Fit for Purpose
By Deep T, Editing Gunnamatta A critical examination of a $4.4 trillion compulsory savings experiment 1. The Taxpayer Is Subsidising Wealthy Superannuants Superannuation contributions and earnings are taxed at a concessional flat rate of 15% — well below most marginal income tax rates. These tax concessions are forecast to cost the federal budget $61.7 The post Australian Superannuation: The…
We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.
