What Australia's $2 Million Pensions Tax Means for Wealthy Savers
Many Australians are already subject to a 15% tax on their superannuation profits, but the wealthiest are facing another levy on top of that.
This week on the podcast, Chris Bourke asks cross-asset reporter Richard Henderson to explain how the tax will work, who will be affected, and if Australia's super system is becoming a wealth accumulation vehicle for the rich.
Read more on Australia's pension industry: Wall Street Wins More of Australia's $2.7 Trillion Pension Pot
Listen and follow The Bloomberg Australia Podcast on Apple, Spotify, on YouTube, or wherever you get your podcasts. Terminal clients: Run {NSUB AUPOD } on your desktop to subscribe.
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