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The Australian’s Money Cafe: Everything you need to know on superannuation tax changes

Is it a new tax for 86,000 people – or something that will affect many more investors?

Financial Services Minister Stephen Jones. Picture: NCA NewsWire / Gary Ramage
Financial Services Minister Stephen Jones. Picture: NCA NewsWire / Gary Ramage

What just happened in super? Is this about the 86,000 super investors above $3m? Or is it the start of a new regime which will change how superannuation works for a whole generation?

The government is holding the line on a package of highly contentious changes in super.

Advisers are jumping up and down in outrage. And investors are bewildered.

This week we take a pragmatic view of the super changes as they may affect every investor.

In this week’s episode Wealth editor James Kirby is joined by Tim Mackay of Quantum Financial and they cover:

• The planned changes in how super gets taxed

• The legislated changes for franked dividends

• How indexing can make an enormous difference?

• Should big bank economists pay for their mistakes?

Questions always welcome to moneycafe@theaustralian.com.au

Originally published as The Australian’s Money Cafe: Everything you need to know on superannuation tax changes

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Original URL: https://www.dailytelegraph.com.au/business/the-australians-money-cafe-everything-you-need-to-know-on-superannuation-tax-changes/news-story/8868876e9ed8c17c331116833ea02606