Almost 40% of superannuation tax concessions flow to top 10% of earners, tax statement shows

Treasurer Jim Chalmers on Tuesday released a tax expenditures and income statement, which measures tax concessions, credits, and deductions by age, gender and income. Photograph: Lukas Coch/AAP

Superannuation tax concessions are costing the budget $50bn a year, with almost 40% of the benefit of tax breaks on earnings flowing to the top 10% of income earners.

That is one of the central findings of the tax expenditures and income statement, released by the treasurer, Jim Chalmers, on Tuesday.