NAB bank head backs in Labor superannuation plan
Labor has received support for its superannuation plan from an interesting quarter - the chief executive of NAB.
Labor has received support for its superannuation plan from an interesting quarter - the chief executive of NAB.
The treasurer says a change to super tax concessions above $3 million is a modest budget repair measure amid opposition attacks over the higher rate.
Tax authorities have found another $2.1 billion in lost and unclaimed superannuation since last financial year, taking the nation's total to $16 billion.
Jim Chalmers has kept the door open to an overhaul of super tax concessions as he looks for opportunities to repair the stretched federal budget.
Jim Chalmers will push to legislate a common objective for superannuation funds to stop early withdrawals and limit the use of super to accumulate wealth.
The federal government is cutting the interest rate pensioners pay should they tap the equity in their home to boost their retirement income.
The federal government is cutting the interest rate pensioners pay should they tap the equity in their home to boost their retirement income.