Is superannuation still your most efficient wealth creator?
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The proposed new superannuation legislation that places an additional tax on superannuation earnings on balances above $3m creates an environment in which investments are unequally treated.
Investors who do not understand the nuances may end up paying more tax than they would otherwise pay.
New Tax on Superannuation: Update on Proposed Changes
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In Act 3 of William Shakespeare’s Hamlet, the protagonist is in a state of both grief and shock having discovered that his father has been murdered by his uncle. Lucky for Hamlet that he didn’t have the intricacies of superannuation and death benefits to contend with.