Get all your news in one place.
100's of premium titles.
One app.
Start reading
The New Daily
The New Daily
Rod Myer and Matthew Elmas

What a cap on superannuation tax concessions means for you

Treasurer Jim Chalmers has made "modest adjustments" to super for the wealthy. Photo: AAP

Treasurer Jim Chalmers opened the gates to reform last week with the wording of the long-awaited objective of superannuation to be legislated later in the year.

And a week later, the government has unveiled an overhaul of super changes that will increase tax on superannuation contributions for those with balances over $3 million from 15 per cent to 30 per cent.

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
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.