Tax-free super for the super rich is a bad deal for the rest of us – and Morrison said it first
- Written by The Conversation
ShutterstockYou’d be forgiven for thinking Treasurer Jim Chalmers had done something dramatic.
From 2025 he will double the tax rate on earnings from superannuation balances above A$3 million, lifting it from 15% to 30%.
Only 80,000 Australians have accounts that large, and many of them who have retired have shoved the maximum permissible...














