Treasurer asks Australians ‘whether we can afford’ tax breaks on biggest superannuation balances

Jim Chalmers defends potential change to super rules for balances over $3m as Coalition vows to oppose it

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The treasurer, Jim Chalmers, has defended potential superannuation changes, asking Australians to consider “whether we can afford” to keep giving large tax concessions to the small number of wealthy people with multimillion dollar balances.

While insisting the Albanese government had made no firm decisions yet, Chalmers claimed it was “not especially controversial” to re-evaluate how tax concessions flowed to people with the highest super balances.

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