Financial Standard Comments - The self-funded retiree is a misnomer: Institute New research from The Australia Institute shows the cost to the federal budget of tax concessions is almost on par with the total cost of the Age Pension, with the think tank declaring the 'self-funded retiree' a misnomer. https://www.financialstandard.com.au/feed/latest?story=179798349 Tue, 07 Feb 2023 18:26:00 +1100 Tue, 07 Feb 2023 18:26:00 +1100 en-AU Copyright 2026 Financial Standard 5 Comment by Pratap Amin (Amin Parivar Pty Ltd.)

"According to the ATO, there's just shy of 900 self-managed superannuation funds producing incomes of $1 million or more."

Why is there this obsession with Self Managed Super Funds?

The issue applies to all superannuation funds, including Defined Benefit Funds.

There should be income tax applicable to earnings above a certain threshold for all superannuation funds. This should be part of total income tac review including: Personal tax, Capital Gain Tax, all Trusts, Company taxand GST.

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]]> Pratap Amin (Amin Parivar Pty Ltd.) Tue, 07 Feb 2023 18:26:00 +1100