ASFA pushes for higher taxes in super for high-income earners
The government should adjust the Division 293 tax threshold and introduce a $5 million cap for the amount that can be held in super, said the Association of Superannuation Funds of Australia.
In its pre-budget submission, the Association of Superannuation Funds of Australia (ASFA) said the government should focus on improving equity in the superannuation system by reducing the amount of tax concessions going to individuals with a relatively high income or account balance.
Shared from SMSF Adviser
