How Australia's New Super Tax Will Hit Retirement Savings
Good morning, it's Amy in Melbourne with the news you need heading into the weekend. Officials say that one person miraculously survived yesterday's Air India plane crash that killed 241, but first...
Today's must-reads:
• Super tax explained
• Melbourne billionaires
• Aukus in trouble?
What does the proposed new tax on A$3 million super balances mean for retirement savers? I teamed up with my colleague Richard Henderson to see how wealth managers are planning for the rule change. Also, take a listen to our latest podcast, where host Chris Bourke asks Rich to unpack how the new tax works, and who will be affected. 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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