Worried about the tax on $3m plus super balances? Here’s how you’ll survive

An extra 15% tax on earnings on super balances over $3m represents barely 1% of income. Photograph: gilaxia/Getty Images

Imagine you have $3m in super and have just retired, only to hear that Labor plans to hit you with a new tax.

Or perhaps you’re worried (dream?) that at some point in the near or distant future you might cross that multi-million-dollar savings threshold.