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the future of superannuation: unpacking the proposed $3m limit on favourable tax concessions

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The Taxes for Super Funds Over $3 Million

Vince: I don't think that's pretty reasonable. And one thing they did say with this $3 million cap was that you can choose to pay it from the current superfund, another superfund, or your own bank account. So that was a good thing there. The other thing as well that they're flagged, the Treasury will consult on, which is interesting, is the treatment of defined benefits payments. There aren't actually many of Elpeny's cabinet who fall into that category.

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