
the future of superannuation: unpacking the proposed $3m limit on favourable tax concessions
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The FSE Position on Superannuation Is Disingenuous
I don't have a huge problem with it. I probably would have liked to see maybe some tie in and reference to the balance transfer cap. The FSE position that we should think that it will still be $3 million in 30 years time is just disingenuous. We are forcing consumers, or all Australians, to put aside 10.5% of their income for retirement. A dollar today is always worth more than a dollar in retirement to most people. So we do have to create some nudges or incentives. But once we move to mandating it, I think the government owes us a duty of,. if you're going to force me to do this, you should give me the
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