Super concession cuts ignite SMSF debateBY MELANIE TIMBRELL | MONDAY, 10 SEP 2012 12:45PMReports that tax concessions to super will be cut by the Government to fund upcoming health and education initiatives have sparked debate in the industry over whether high balance super members and SMSFs in particular are paying their share. |
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Brian Redican
CHIEF ECONOMIST
NEW SOUTH WALES TREASURY CORPORATION
NEW SOUTH WALES TREASURY CORPORATION
What makes an economist an economist? TCorp chief economist Brian Redican reflects on over three decades of navigating Australia's economic cycles. Riddhima Talwani writes.
"They don't have people making contributions for them like ordinary employees do, so rationale was they should be able to put those premises in their super fund and enjoy tax concessions because it is their super."
And this is NOT a rort? Go figure..
I am now 73 and still able to work.it amazes me that the present regime has reduced the cap so how do the expect people to be self funding and not rely on Centrelink.We should be rewarded and not penalised