Get all your news in one place.
100's of premium titles.
One app.
Start reading
AAP
AAP
Business
Zac de Silva and Alex Mitchell

Treasurer defends $4b hit from super tax backdown

Treasurer Jim Chalmers has outlined major changes to Labor's planned superannuation tax hike. (Mick Tsikas/AAP PHOTOS)

A $4 billion budget hole created by an overhaul of the government's contentious super tax policy will be filled using other measures, the treasurer says.

Labor is defending major changes to its planned superannuation tax hike, which will see the wealthiest retirees slugged with a higher tax rate and more relief given to low-income earners.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.