The government’s key superannuation reforms are set to soon become law after passing the Senate on Tuesday night, which will see major amendments for low income earners, and those with super balances above $3 million.
So those earning less than $45k will get taxed less on their super that they can access when they turn 65. In terms of tax reform to help people in need, this does exactly fuck all.
access when they turn 65.
60
aged pension when they are 67
In terms of tax reform to help people in need, this does exactly fuck all.
because that’s not what this is, it’s designed to make the super system a little more equitable, so when they do get to superannuation age they have a little more and to collect a little extra tax to spend on whatever; like NDIS or ANKUS
The Greens are still pushing for a more equitable tax system but I doubt we’ll get little more than change at the edges as they don’t have the numbers to push for reform, because voters don’t really want change, its difficult to overcome voter greed, selfishness and apathy.
60, my mistake. Makes zero difference in reality.
How does it make the super system more “equitable”?
