The $3 million cap for super tax concessions – is there a better approach?
Accumulation & contributions
The proposed additional 15% tax on earnings attributable to superannuation above $3m has certainly raised many questions in respect of the policy itself as well as its implementation. Whilst much discussion has been about the proposed cap of $3m and whether it’s too high, too low or should be subject to indexation, the most controversial aspect of the proposal, or more particularly the implementation, is the perception that unrealised gains will be taxed. So, is there a better approach?...
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