Cameron doubts he’ll ever reach $3m in super. So how do young people feel about Labor’s plan?
www.theguardian.com
Critics predict younger generations will shoulder a bigger tax burden, but some of those likely to be affected see it more as ‘rebalancing the scales’
  • Australis13@fedia.io
    41·
    2 days ago

    This reform should go ahead. It’s a no-brainer and the ALP has more than enough political capital now to do it, especially if they act quickly. About the only criticism I can see for this is the lack of indexation in the bill, but I have no doubt a future government will revise the threshold upwards (particularly if the LNP return to power in the 2030s).

  • Nath@aussie.zoneMEnglish
    42·
    2 days ago

    Three million?! Who the hell has that much?

    At that point, 5% interest will give you an annual salary of $150k. You can comfortably live off that and never touch the Three Million!