The proposal to tax super balances over $3 million has two serious flaws,and is a slippery slope which could lead to other,more punitive measures.
We’re in the middle of the largest intergenerational wealth transfer ever,and it’s beginning to tear at our nation’s social fabric.
If you’re thinking of selling a property,it’s wise to get ahead of the tax office by filling out one key form.
If you’re looking to put the proceeds of an investment property into super,you can,but you’ll need to act fast.
The transfer balance cap is a lifetime limit on the amount a person can move from super accumulation phase,and there aren’t many ways around it.
The lack of fanfare over the government’s successful stage 3 tax cuts says a lot about Australians’ saving habits.