the future of superannuation: unpacking the proposed $3m limit on favourable tax concessions
money money money
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The Tax Cuts
The first big thing is the transfer balance cap. That's the 1.9 million we talked about earlier. The tax concession cost calculations work, they assume that there's no behavior change as a result of the tax change. So to argue that this is going to save a billion dollars this year, however small that might actually be, you're probably going to get it in the first year.
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