Labor's proposed super tax on balances over $3m will include option to pay from super fund
Sky News Political Editor Andrew Clennell discusses a proposal from the Albanese government, which will allow people to pay the super tax on balances over $3 million from their superannuation funds.
"Sky News can reveal that as part of the government's proposed tax on people with superannuation funds worth more than $3 million, there will be an option to pay the tax from the money in your super fund," Mr Clennell said.
"In this way, the government can counter the argument that people will have to sell their farms or properties in order to pay the tax because it controversially will be levied on unrealised gains.'
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