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The Guardian - AU
The Guardian - AU
National
Paul Karp

What are Australia’s tax concessions on super and are they a problem?

Jim Chalmers Labor Anthony Albanese Coalition Economy
Jim Chalmers
The treasurer Jim Chalmers has started a ‘national conversation’ around potential changes to superannuation tax concessions. Photograph: Mick Tsikas/AAP

The Albanese government wants superannuation to be “equitable and sustainable”, leaving the door open to caps on balances or trimming tax concessions.

Now that Labor and the treasurer, Jim Chalmers, have started the “national conversation” around potential changes, we explain what the tax concessions on super are and why they are a growing cost to the budget.

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