Superannuation taxes predicted to be a ‘soft target’ in budget
The government may consider increasing the headline tax rate of 15 per cent for superannuation or reducing the capital gains concession as it grapples with its ballooning budget deficit, an advisory firm predicts.
In a short research paper, Parametric head of research Raewyn Williams and analyst Josh McKenzie stated that investment tax inside super may be a “political soft target” because it won’t be felt directly in most voters’ hip pockets.
Read more at SMSF Adviser.
