Super changes could slug Australian workers
Australian workers should be very wary of a proposal to change the tax treatment of superannuation -- it could mean a cut in take-home pay. Currently, the contributions tax of 15 per cent is paid by the super funds.
There are a number of proposals being touted that may result in the tax being paid by employees instead. This would mean employees will suffer a reduction in income after tax. All Australians making super contributions will be worse off.
Read the full story at Business Spectator.