It was the superannuation tax plan that helped Labor achieve a landslide victory in the last election. Though some of Australia’s wealthiest Australians - who were hit hardest by the plan - cried foul, the government has been saying, for more than two years, that it would NOT change its super proposals.

Flash forward to this week, when, in an embarrassing political backflip, treasurer Jim Chalmers announced, yep, major changes to it.

Today, senior economics correspondent Shane Wright on what these changes are, and how you’ll be impacted by them.

It was the superannuation tax plan that helped Labor achieve a landslide victory in the last election.&nbsp;Though some of Australia&rsquo;s wealthiest Australians - who were hit hardest by the plan - cried foul, the government has been saying, for more than two years, that it would NOT change its super proposals. Flash forward to this week, when, in an embarrassing political backflip, treasurer Jim Chalmers announced, yep, major changes to it. Today, senior economics correspondent Shane Wright on what these changes are, and how you&rsquo;ll be impacted by them.

The Morning Edition (formerly Please Explain) brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition (formerly Please Explain) brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

Will the treasurer’s “humiliating” tax backflip help, or hurt you?

https://api.omny.fm/orgs/88b564ea-a9a6-4751-910a-a5d800019396/clips/791532c4-373c-41f3-90dd-b37600933dca/transcript

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