It's the bracket creep that gets you. ...

2025-05-08 09:28:19

It's the bracket creep that gets you.

quoting
nevent1q…7k4s
So it’s confirmed Australia is moving forward to tax unrealised gains in superannuation accounts exceeding $3 million effective from 1 July 2025.
I think that brings the tax rate to 30% on earnings for total super balances above $3 million. Ouch for those people who will be forced to sell assets…illiquid assets 😳

One of the biggest misconceptions is that these kinds of taxes are “only for the ultra-wealthy” and not worth worrying about…

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2025-05-08 09:28:19

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rodbishop on Nostr: It's the bracket creep that gets you. ...