This ‘infographic’ highlights great reasons to visit Australia.
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Potential Tax on Super for those Earning over $300,000
The vast majority of taxpayers will be exempt from the upcoming budget superannuation changes, with Treasurer Wayne Swan to target those who earn $300,000 plus.
With the government desperate to find savings to fund its Gonski education and disability insurance reforms, it is understood the super changes – to be unveiled in the May 14 budget – will hurt fewer than 100,000 people.
The Federal Government is changing Super in Australia through the ‘Stronger Super” reforms. These planned developments aim to make the super industry more efficient for employers, employees and super funds. The changes mean that employers will need to plan, review and update their super processes.