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Safety net of age pension

February 1st, 2013 Leave a comment Go to comments

Super changes
Now the government proposes some changes to the unsustainable tax concessions for super, and the super industry, the self funded retirees are all up in arms.
Will the government have the courage and abolish all tax concessions for super, abolish the means test of the age pension and the government can be in surplus immediately.
There is talk about tax on withdrawals over certain limits, but why would any retiree withdraw more than he/she needs from a SMSF which pays no tax on its earnings. Its a no-brainer.

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