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Sudden realisations
Financial Standard
|June 02, 2025
Where to start with the $3 million super tax, the thing that's dominated the news cycle like nothing has in a long time?
After its embarrassing showing at the federal election, it seems the Liberal party has finally found something to collectively cling to.
They've been so vocal and so convincing of facts or other-that they're probably kicking themselves for not having woken up to it before the election; it's only been going on for two years or so.
While they might not have won, with the right messaging around this the Liberals likely would have come a lot closer than they ultimately did.
And what would the right messaging be? It's a tax on your retirement savings. It's your money but you don't get to touch it until the government says so and now it wants to take more of it from you.
The lack of indexation would have also been a great sticking point. Yes, $3 million might seem out of reach for you, but think about your children.
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