Is Your Super Safe? The $3M Tax Change You Need to Know About📉🔍
Description
In Episode 10 of Your Wealth Playbook, hosts Kerrod and Jared dive into the hotly debated superannuation tax proposal recently passed by the Australian House of Representatives, though not yet fully legislated. This new policy, introduced by the Labor government, targets superannuation balances exceeding $3 million with an additional 15% tax on earnings. While this currently affects only about 0.5% of Australians, Kerrod and Jared unpack why this change could have far-reaching implications for many more in the future.
Tune in to understand why this policy, though seemingly niche now, could affect your long-term financial planning.
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