Original article by Sally Rose, Joanna Mather
The Australian Financial Review – Page: 4 : 14-Jan-16

There is growing recognition that superannuation tax breaks are too generous for the wealthy. Under the current regime, the super contributions of those earning less than $A300,000 a year are taxed at 15 per cent. A tax rate of 30 per cent applies to the contributions of those with annual earnings of more than $A300,000. Deloitte has proposed reducing the tax rate on super for low-income earners to six per cent and raise it to 34 per cent for those earning between $A180,000 and $A300,000.

CORPORATES
DELOITTE TOUCHE TOHMATSU LIMITED, RICE WARNER ACTUARIES PTY LTD, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN GREENS, AUSTRALIAN LABOR PARTY, FINANCIAL SERVICES COUNCIL