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AAP
AAP
Politics
Kat Wong

Fears super tax rise for rich will whack housing market

The federal government plans to increase the tax on the superannuation accounts of wealthy people. (Joel Carrett/AAP PHOTOS)

A bid to increase taxes on wealthy Australians' superannuation has been paved with good intentions, but there are warnings it may create unfair outcomes.

The federal government is hoping to pass a bill to impose a 15 per cent tax on super balances higher than $3 million, which would affect about one in every 200 savers, according to the Australia Institute.

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