Financial Standard Comments - Speculation grows on super tax breaks Two days after opposition Treasurer Joe Hockey said in a landmark interview that Australia needs to end its cult of welfare entitlement, speculation is rising the government is considering a clampdown on untargeted superannuation tax concessions. https://www.financialstandard.com.au/feed/latest?story=12843973 Fri, 20 Apr 2012 12:52:49 +1000 Fri, 20 Apr 2012 12:52:49 +1000 en-AU Copyright 2026 Financial Standard 5 Comment by John () When do people put money into super? 50+. Why? Because the kids & mortgage is under control and they can now focus on retirement. This happens to coincide with people's wages being the highest. So a person on a high income @ 50 isn't necessarily asset rich.
Most 30 year olds don't care about super and even if they did the legislative risk is to great to consider it a viable investment vehicle.
Take away concessions, you might as well get rid of super altogether.

Reply to article

For original story, Click Here.

]]> John () Fri, 20 Apr 2012 12:52:49 +1000