Is There a Tax on Superannuation Earnings?

The proposed change is an increase in the superannuation earnings tax for accounts over three million dollars. It doesn't affect your contributions at all, you can still contribute. This is really about people at the retirement stage drawing on their account and the earnings that your account actually generates. The only other point I wanted to mention is they currently have no plan to index it to inflation - which is a big problem with a lot of taxes around the world.