70pc slugged by combined super, pension changes

Original article by Glenda Korporaal
The Australian – Page: 2 : 13-Sep-16

The Australian Government has produced a briefing paper which shows that low-income earners stand to gain the most from proposed changes to the pension assets test and the superannuation tax regime. The paper shows that the reforms, which are slated to take effect in 2017, will adversely affect everybody except those on the lowest 30 per cent of incomes. Meanwhile, a report produced on behalf of the Institute of Public Affairs concludes that the Government’s super tax reforms will hit middle-income earners in particular.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, INSTITUTE OF PUBLIC AFFAIRS LIMITED

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