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Replying to Avatar Nadia

So it’s confirmed Australia is moving forward to tax unrealised gains in superannuation accounts exceeding $3 million effective from 1 July 2025.  

I think that brings the tax rate to 30% on earnings for total super balances above $3 million. Ouch for those people who will be forced to sell assets…illiquid assets 😳

One of the biggest misconceptions is that these kinds of taxes are “only for the ultra-wealthy” and not worth worrying about…

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Chris Liss 7mo ago 💬 1

Capital flight will soon make a harsh example of them.

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Low Information Voter 7mo ago

It really won't - superannuation is held hostage until retirement. Hi Japan, see you at the bottom I guess...

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