WealthPersonal FinanceSuper warsPrint articleOpinionWhy you should worry about new super tax – even with less than $3mThese two worked examples show how the taxing of unrealised capital gains can have unintended consequences.Peter BurgessContributorOct 3, 2023 – 4.32pmSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginWhile the proposed tax on super balances over $3 million from July 1, 2025, is aimed at the very wealthy, many more people are likely to feel the impact.The objective of clawing back tax concessions should be to reduce the revenue lost due to the existing concessions. It should not impose a new tax which, for some, not only claws back those concessions but results in even more tax being paid.Loading...Peter Burgess is CEO of the SMSF Association.SaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleIntroducing your NewsfeedFollow the topics, people and companies that matter to you.Find out moreRead MoreSuper warsOpinionSmart InvestorSuperannuationIncome taxLatest In Personal financeFetching latest articlesMost Viewed In Wealth
