Is it fair to maintain generous tax breaks for around 16,000 wealthier Australians while cutting tax concessions for 3.6 million workers on lower incomes and scrapping the planned increase in the superannuation guarantee? The superannuation policy change announced by the Coalition costs the budget even more money – mostly via the huge concessions granted to higher income earners – while doing little to relieve the strain on the aged pension, since those most likely to require the pension in old age will receive an even smaller share of the superannuation concessions.
Posted on: Mon, 27 Jan 2014 10:17:57 +0000
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