Labor s plan for super concessions 20150422 p5t3gi.html – Breaking News & Latest Updates 2026
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This was published 11 years ago

Labor's plan for super concessions

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WHAT LABOR PLANS FOR SUPERANNUATION CONCESSIONS:

* Reinstate a 15 per cent tax for earnings in the retirement phase over $75,000 a year that will affect about 60,000 people and raise $8.6 billion over the next decade

* Remove the 10 per cent tax concession for defined benefits over $75,000 a year that will affect about 9500 people and raise $0.6 billion over the next decade

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* Lower the threshold for the 30 per cent high income superannuation charge from $300,000 to $250,000, raising $5.1 billion over 10 years.

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