Monthly Musings

In this edition of Monthly Musings we will observe the market movements for February, launch a brand new episode of our short video series “3 Minute Tech” titled “How much Super should I have?”, in light of recently proposed changes as to how high super balances will be taxed, cover off in Focal Point a summary of the $3 million Super Proposal and, provide a great insight into our senior Private Wealth Adviser, Duncan MacKintosh and, suggest another book that might be worth a read.

The $3 Million Super Proposal

It is well understood that the purpose of superannuation is to have money put aside to utilise in the retirement years. Superannuation provides ongoing tax advantages and an income post employment – an incentive to lower the overall reliance on the Government Age Pension. But with the substantial and favourable tax concessions in view, and media
speculation surrounding the upcoming Federal Budget, the Albanese Government has recently proposed some changes to how high super balances will be taxed.