THE Federal Government has proposed changes to superannuation tax concessions making people with more than $3m in their super accounts losing some of their tax breaks.
Treasurer Jim Chalmers released the bill today, which will be open for consultation until October 18, saying that it will not have a big effect on the country.
“The 0.5 percent of people with superannuation balances above $3 million will still receive tax breaks, just slightly less generous,” he said in a statement.
“The change will not alter the amounts of money people can put into super, and it applies to future…
