"The obvious way to collect more taxes would be to tax each fund's earnings in the pension phase at the same rate as the accumulation phase, namely 15%. That would increase taxes from the superannuation funds collectively by close to 50%, as well as simplifying the system - you would no longer need a pension transfer balance."

This wouldnt work as the majority of self funded retirees would then be better of cashing out all or part of their Pension phase super funds and holding investments directly, where they have access to the tax free threshold of $18,200.

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