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Announcement Made About $3 Million & Over Superannuation Balances

SuperBy admin6 March 2023Leave a comment
Mar62023
Super

Last week, the government announced a change to superannuation, introducing a new tax that will apply to member balances above $3 million. From July 1, 2025, super earnings over $3 million will be taxed at 30 per cent, double the current rate of 15 per cent. According to the government, this change aims to ensure…

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