Is superannuation still tax effective after the budget? It’s mightily frustrating when politicians fiddle with the system. Anything that creates distrust in the saving public surely can’t be good for the retirement system, can it? Anyway changes aren’t law yet. But what does it mean that earnings over $100,000pa in a superannuation pension will be taxed. Well if you were getting income at 5% you need $2million dollars before you pay any tax. I would love every single one of you to have that problem!

By Trevor Thompson. 
CFP DipFP
SENIOR PARTNER