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Super tax changes will cost retirees, says Parametric


The possibility for government to increase superannuation taxes in response to the ballooning
budget deficit caused by COVID-19 could severely hurt member balances at retirement, according to
a research note by the global implementation specialist manager Parametric.

Raewyn Williams, Head of Research (Australia) and Analyst Josh McKenzie, in a short paper titled
“Will retirees pay the price for superannuation tax rises?” argue that investment tax inside super
may be a political “soft target” because it won’t be felt directly in most voters’ hip pockets, but it will
come with an unfavorable “tit for tat” – the longer-term impact on retirement outcomes.

Read the full Media Release: here.

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