Wednesday, February 18, 2015

Australian superannuation complaints....

Uhm am I missing something about Australians complaining that rich people have saved a lot of money into their super funds (eg $2.5m here in this article)..... aren't people doing this kind of salary sacrifice etc paying an absolute truckload of tax on the front end in order to get tax free on the backend?
Am I missing something?

eg 46.5% tax on the front end for contributions over $25,000 a year seems high to me.....

Just wondering why people are complaining that someone is "saving" so much money?

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