Media attention has revved up about the new 15 per cent tax on super, which brings tax on earnings for those with balances of more than $3 million to 30 per cent. With Labor having an overwhelming majority in the House and only needing to negotiate with the Greens in the Senate, the tax is likely to pass.

No one likes a new tax, but super remains very concessional, and those with balances exceeding $3 million are way ahead. Your comfortable retirement is safe, and you are still getting the benefit of tax concessions.