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John Woodrow
Sky News Australia
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Comments by "John Woodrow" (@johnwoodrow8769) on "Coalition to fight superannuation changes" video.
I used to work with a bloke who was fully into investment properties (outside super). We had lots of discussions of additional payments into super v investment properties. His main argument was you can never trust the government with super, they will inevitable shaft you. This was about 30 years ago. Ian, you were 100% right.
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Someone on $200K is paying TWELVE times the amount of income tax as a person on $45K. In fact someone on 45K pays next to no income tax when all government initiatives are considered.
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@stewatparkpark2933 Agreed. I have no doubt whatsoever that will want to tax pension phase income exactly the same as if it was salary income. The result would be zero tax benefit on having your money in superannuation. Even if the investment income within the $1.7 million pension phase limit remains tax free, that is something someone could come close to replicating by putting most funds into Australian shares with fully franked dividends.
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