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Tag: superannuation account management

Greens Push for Fair Superannuation Tax Reform in Australia

Jun 5, 2025

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in Superannuation News

The Greens have raised concerns about the superannuation system in Australia, claiming it has evolved into a taxpayer-funded mechanism for wealth accumulation rather than a means for providing a secure retirement for workers. The party is taking a firm stance on negotiations regarding Labor’s proposal to increase taxes on superannuation accounts exceeding $3 million. Treasurer…
Labor’s Superannuation Tax Plan Sparks Economic Concerns

Jun 1, 2025

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in Superannuation News

Labor’s proposed superannuation tax plan, targeting accounts with balances exceeding $3 million, is causing a stir among economists and experts. While initially perceived as a measure aimed at the wealthy, the plan’s implications could extend far beyond that demographic. The extra 15 per cent tax rate on superannuation earnings, slated to take effect from 1…