Labor's Super Tax to Hit 500,000 Australians Due to Lack of Indexation: Report
More than 500,000 Australians currently in the workforce—nearly half of whom are under 30—will be affected by Labor's proposed superannuation tax hike if it's not indexed properly, new analysis shows.
The projection, six times higher than the government's estimate of 80,000, comes from the Financial Services Council (FSC), which has warned the long-term impact will fall disproportionately on younger workers.
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