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‘Perverse pension tax' unfairly impacts middle Australia

A couple that retires with a $1 million super balance will have less annual retirement income than a couple that retires with $400,000, according to new analysis.

‘Perverse pension tax' unfairly impacts middle Australia
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  • Shared by Nestegg
  • February 06, 2020
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Industry Super Australia (ISA) said it had considered the Age Pension means test and found that in the next decade, more than 1 million Australians will be caught in an “unfair retiree tax that will mean they will end up with less spending money after saving more”.

Read more at Nestegg

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