1 year ago
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The treasurer suggested that the small percentage of people with pots over $3m should not receive tax benefits, but prime minister more cautious
Treasurer Jim Chalmers has signalled the government could cap superannuation balances as part of efforts to rein in generous tax concessions that benefit Australia’s wealthiest retirees.
After starting the conversation on the “sustainability” of the super tax concessions on Monday, the debate has narrowed on the small percentage of superannuants with more than $3m in their retirement accounts.
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