#SUPERANNUATION
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grogsgamut.bsky.social
Bloke in a new office has a 50 second rant about superannuation tax breaks
australiainstitute.org.au The Australia Institute @australiainstitute.org.au · Jan 20
The federal government's stalled changes to superannuation rules would make the nation's super system fairer, at a time when so many Australians are doing it tough.

The changes would double the tax on super balances of $3m and over, from 15% to 30%. It’s a small change but would make things fairer
January 20, 2025 at 3:58 AM
grogsgamut.bsky.social
Australia has the second lowest age pension in the OECD, and the 5th highest level of retirees living in poverty.

And all the while we give the richest 10% $20bn in tax breaks for their superannuation.

My column.

www.theguardian.com/business/gro...
Misleading fear campaigns may kill Labor’s superannuation changes. But here are the real numbers | Greg Jericho
Increasing the tax rate on superannuation balances above $3m would affect less than 1% of the population – and yet it is still unlikely to pass
www.theguardian.com
January 22, 2025 at 8:39 PM
shiannonc.bsky.social
Tim Wilson has already started up his superannuation tax war with Labor

Tim Wilson as usual won’t tell u the facts..

Fact: Superannuation over $3m will be taxed at a higher rate & only the amount above $3m

Fact: Big super amounts are a tax haven for rich ppl
www.theguardian.com/business/gro...
Misleading fear campaigns may kill Labor’s superannuation changes. But here are the real numbers | Greg Jericho
Increasing the tax rate on superannuation balances above $3m would affect less than 1% of the population – and yet it is still unlikely to pass
www.theguardian.com
May 17, 2025 at 2:08 AM
grogsgamut.bsky.social
"Superannuation is supposed to be for retirement. Unfortunately, it has become like Australia’s own internal tax haven and inheritance scheme for wealthy people." @taxjustice.net's Mark Zirsnak #ThePoint
thepoint.com.au/opinions/260...
Watered-down superannuation reform to go back to Parliament
Superannuation is supposed to be for retirement. Unfortunately, it has become like Australia’s own internal tax haven and inheritance scheme for wealthy people.
thepoint.com.au
January 15, 2026 at 11:18 PM
goldingcartoons.bsky.social
The (Superannuation) Magic Pudding
@theageaustralia.bsky.social
September 8, 2026 at 9:44 AM
nickfeik.bsky.social
God forbid that we'd tax gas companies or tech giants or superannuation funds properly tho
pennyallmanpayne.com Penny Allman-Payne @pennyallmanpayne.com · Oct 13
🚨 BREAKING: Brand new @ACOSS report finds 1 in 7 Australians are living in poverty, including 757,000 children. Millions of families are struggling while our leaders sit on their hands and let it happen.
Poverty in Australia 2025: Overview – Poverty and Inequality
povertyandinequality.acoss.org.au
October 13, 2025 at 8:27 AM
colonelhogans.bsky.social
Angus Taylor reveals plans for the Americanisation of Australia's Superannuation System
April 15, 2025 at 2:16 AM
theshovel.bsky.social
Mosman Protester Throws Glass of ’94 Penfolds Grange on Famous Artwork to Raise Awareness About Superannuation Changes
Mosman Protester Throws Glass of ’94 Penfolds Grange on Famous Artwork to Raise Awareness About Superannuation Changes — The Shovel
"We need to shock people into understanding what’s at stake here"
theshovel.com.au
May 29, 2025 at 4:15 AM
debbienorthway.bsky.social
#auspol #Australia #politics #economy #Superannuation
Don’t vote LNP
March 30, 2025 at 10:21 PM
grogsgamut.bsky.social
How about business leaders first institute all the recommendations from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry?
AFR headline: "A National Crisis: Business backs Bondi royal commission"
January 2, 2026 at 12:55 AM
australiainstitute.org.au
“It seems quite ridiculous to suggest that young people who can’t afford to buy a house should be worried about the feelings of much older people with $3m in superannuation,”

@richarddenniss.bsky.social speaking to news.com.au about our superannuation polling. #auspol
June 17, 2025 at 4:28 AM
bradpsychology.bsky.social
Superannuation wasn’t meant to be a tax dodge for people with over 3 million dollars to spare.
May 19, 2025 at 7:36 AM
grogsgamut.bsky.social
And this tbh is the best outcome - using Trusts, companies and superannuation can *really* muddy the waters on how much tax he might have paid.
grogsgamut.bsky.social Greg Jericho @grogsgamut.bsky.social · Feb 25
Dutton's property investments... A reminder, on this property he made $3,675,000. But because you get a 50% discount on capital gains, he only had to pay tax on $1,837,500.

That tax discount each year costs around $22bn - of which $18bn goes to the richest 10%
Photo of a Dutton property: "Palm Beach, Gold Coast: Bought December 2014 for $2,325,000, sold February 2021 for $6 million." Charts showing that the richest 10% get 81% (around $18bn) of the benefit of the CGT 50% discount
February 25, 2025 at 11:45 PM
nickfeik.bsky.social
They are so pathetic. There isn't a business lobby in existence they can't cave to.
www.abc.net.au/news/2025-10...
Treasurer announces rework of stalled superannuation tax increase plan
Treasurer Jim Chalmers announces the federal government's stalled superannuation tax increases will be reworked after criticism over the plan.
www.abc.net.au
October 13, 2025 at 2:42 AM
paullecomtephoto.nz
Anyone talking about making people work longer for retirement & not mentioning taxing billionaires isn't worth listening to, indeed is worthy of ridicule.

www.rnz.co.nz/news/busines...
Retirement age will rise to cover superannuation cost, investment company predicts
Milford Investments CEO Blair Turnbull said unless the retirement age rises to 72 or 73, New Zealand can't afford to pay superannuation.
www.rnz.co.nz
February 12, 2026 at 8:43 PM
grogsgamut.bsky.social
Superannuation tax concessions are making inequality worse
australiainstitute.org.au/post/superan...
Graph showing more than a third of the benefits of superannuation tax concessions ($26.3bn) goes to the richest 10% (ie those who did not need any assistance to save for retirement in order to not be dependent upon the Age Pension)
February 24, 2025 at 10:26 PM
deniseshrivell.bsky.social
Incredible how many people are defending the 80,000 with $3m in their superannuation.

Reminds of those who rang Centrelink asking for their franking credits after the 2019 election #auspol
May 17, 2025 at 5:37 AM
grogsgamut.bsky.social
The ABC committing some truly magnificent graph crimes
A pie chart that has the following percentage of household wealth Amount Home 65% Other property 21% Superannuation 87% Equities 31% Bank accounts 99% Business 10% Vehicles 92% Other assets 28%
March 7, 2025 at 2:50 AM
australiainstitute.org.au
From the AFR's analysis, the Government's superannuation tax changes would result in someone who increased their super by $1,180,000, to a total sum of $3,180,000 would be paying an extra...$1,528 in tax.

The superannuation tax changes are a good idea and would make our tax system fairer. #auspol
grogsgamut.bsky.social Greg Jericho @grogsgamut.bsky.social · May 23
Hilariously, the AFR is showing just how absurd is the scare campaign against the super tax changes.

They give an eg where someone's super goes from $2m to $3.18m in a year!

Yep a $1.18m increase.

How much extra tax?

$1,528!

OMG!! THAT'S OUTRAG... err... oh actually that's bugger all
Assuming it is $3.1 million, with the $80,000 pension payment it becomes $3.18 million. If your balance on June 30, 2026, is greater than $3 million (say $3.1 million) then Division 296 tax will count a balance of $3.18 million in its calculations even if your balance at the start of the year was less than $3 million (in your case $2 million) One aspect of Division 296 tax where you have a greater than $3 million balance at the end of the year but a balance of less than $3 million at the start is that it will be calculated as if your year started with a $3 million balance. When determining your super earnings for Division 296 tax purposes you add together your year-end balance with pension payments and then deduct your balance at the start of the year from this. That’s $3.1 million plus $80,000 less $3 million. This will give you total super earnings for Division 296 purposes of $180,000. Despite the large increase in your fund from $2 million to $3.1 million, your Division 296 liability will be significantly less given it won’t include the increase in your total super below the $3 million threshold. The 15 per cent tax will only apply to the percentage that $180,000 represents of $3.18 million or 5.66 per cent. While 15 per cent of $180,000 is $27,000, 5.66 per cent of this results in a Division 296 tax liability of $1528. This assumes there is no change in the proposed tax when – and if – it finally becomes law.
May 23, 2025 at 12:13 AM
chrisomerville.bsky.social
I think it was if they still have to pay him superannuation
December 22, 2024 at 10:20 AM
australiainstitute.org.au
A 2% wealth tax on people worth more than $5 million (excluding the family home and superannuation) would raise $41 billion per year.

Read the full media release here: australiainstitute.org.au/post/three-s...
August 18, 2025 at 12:08 AM
eddyjokovich.bsky.social
The fight for fairness: Reforming superannuation in Australia. If these small superannuation changes to accounts worth over $3 million can’t be implemented, what hope is there of achieving the many other reforms that need to be made? #AUSPOL open.substack.com/pub/newpolit...
The fight for fairness: Reforming superannuation in Australia
The Labor government must hold firm on its proposed superannuation laws. If it can’t implement this small change, how will it ever manage to deliver other desperately needed and meaningful reforms?
open.substack.com
May 26, 2025 at 4:35 AM
australiainstitute.org.au
Protecting superannuation tax concessions for the wealthy won't help future generations.

Addressing climate change and the housing crisis will.

@richarddenniss.bsky.social #auspol
June 12, 2025 at 4:37 AM
bradpsychology.bsky.social
Tim Wilson’s answer to men’s violence is for women to access their already lower superannuation to escape.

The answer to the Coalition’s women problem!
#auspol #LibSpill
May 12, 2025 at 12:22 AM