Tsr has no option, he has to hit superBY ALEX DUNNIN | MONDAY, 2 MAY 2016 12:59PM A quick look at the ABS taxation report illustrates why the taxation blowtorch is being turned on superannuation. In the past 8 years while personal income tax receipts climbed ... Upgrade your subscription to access this article
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NON-EXECUTIVE DIRECTOR
FUTURE GROUP AUSTRALIA HOLDINGS PTY LTD
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FUTURE GROUP AUSTRALIA HOLDINGS PTY LTD
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How the transition to retirement tax break survived is beyond me. This is 100% a tax break used by the rich (advice seeking) population. Simply removing the 0% tax on investment earnings doesn't eliminate this strategy. The rule should simply be that if you are working then your superannuation remains in accumulation.
Editor note - while the budget didn't explicitly kill TRRs by limiting concessional salary sacrifice contributions to $25,000 from 2017 it effectively achieves the same result.