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Tax changes may make super the best place to stash cash

Higher earners will stash more money into superannuation to reduce their taxable income when Labor’s reworked income tax cuts start in July, experts say, with analysis showing the changes will entrench super tax breaks for the financially better off.

The government pared back the stage three income tax package in February to give bigger income tax relief to people earning less than about $146,000.

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Hannah Wootton is a Rear Window columnist, based in Melbourne. Connect with Hannah on Twitter. Email Hannah at hannah.wootton@afr.com

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    Original URL: https://www.afr.com/policy/tax-and-super/tax-changes-may-make-super-the-best-place-to-stash-cash-20240410-p5fiuc