In Australia, there are two types of retirees: those who rely on the pension, and those who rely on superannuation. Guess which group costs more?
The new $3 million super tax is the latest attempt to rein in the excess, but it’s also a window into a system that’s quietly become one of the most expensive and inequitable parts of the budget.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.