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Gillard rules out tax on over 60s super

Julia Gillard seems to have ruled out the re-introduction of taxes on superannuation pensions before the federal election, even for high income earners, but will she stay true to this promise?

Let’s hope that Julia Gilliard does not have a change of heart after the upcoming Federal election in September 2013, like she did with the carbon tax promise she made prior to the previous federal election only to introduce the carbon tax after the election.

The re-introduction of superannuation pensions will not only punish savers, but it will also create a complex and uncertain environment.

http://www.afr.com/p/national/tax_free_super_safe_for_over_h1bXggz9z2J002C9On5OeI

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Paul Baggetta is the Founder & Principal of Baggetta & Co. Paul Baggetta has been a Taxation Accountant since 1981, a Financial Planner since 1998, and in 1993 qualified as a Real Estate Licensee, holding a Triennial Certificate (currently not trading) and operated his own Real Estate business for property investment clients for over 5 years as a second business.

Financial planning services are provided by Paul Baggetta as an Authorised Representative (No. 261469) of Capstone Financial Planning Pty Ltd. ABN 24 093 733 969. Australian Financial Services License No. 223135.

 

Taxation & Accounting services are provided by Paul Baggetta as a Registered Tax Agent (No.61487008) and is a Member of SMSF Association, FIPA & NTAA.